USD/JPY New York Price Forecast: Greenback gaps down vs. yen, trades near 109.00 figure

USD/JPY gapped down after the weekend break.
USD/JPY is set to continue declining towards the 108.47 and 108.13 price levels.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is down for the fifth consecutive session after spiking to its highest point since mid-May 2019 in mid-January.

USD/JPY four-hour chart

USD/JPY gapped down at the start of the new week. It trading below the main simple moving averages (SMAs) while coiling around the 109 figure. As the market is under pressure the bears might extend the down move towards the 108.75, 108.47 and 108.13 price levels. Resistances are seen near the 109.35 and 109.65 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	109.03
Today Daily Change	-0.26
Today Daily Change %	-0.24
Today daily open	109.29

Trends
Daily SMA20	109.33
Daily SMA50	109.18
Daily SMA100	108.7
Daily SMA200	108.51

Levels
Previous Daily High	109.63
Previous Daily Low	109.17
Previous Weekly High	110.22
Previous Weekly Low	109.17
Previous Monthly High	109.8
Previous Monthly Low	108.43
Daily Fibonacci 38.2%	109.35
Daily Fibonacci 61.8%	109.45
Daily Pivot Point S1	109.1
Daily Pivot Point S2	108.91
Daily Pivot Point S3	108.64
Daily Pivot Point R1	109.55
Daily Pivot Point R2	109.82
Daily Pivot Point R3	110.01

Author

Flavio Tosti

Independent Analyst

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