USD/JPY New York Price Forecast: US dollar remains supported vs. yen, NFP non-event

USD/JPY is stabilizing in the 108.00 handle after US jobs report.
The level to beat for bulls is the 108.70 resistance.
US Nonfarm Payrolls plummeted by 701K in March.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is stabilizing in the 108.00 level while challenging the 200 SMA on the daily chart. US Nonfarm Payrolls plummeted by 701K in March however the news was no news and it was essentially a non-event.

USD/JPY four-hour chart

USD/JPY is nearing the 108.70 resistance near the main SMAs on the four-hour chart as buyers are looking for a break beyond the above-mentioned level en route to the 110.00 and 111.70 resistance levels on the way up. Support can emerge near the 108.00, 107.00 and 105.00 levels.

Additional key levels

USD/JPY

Overview
Today last price	108.4
Today Daily Change	0.52
Today Daily Change %	0.48
Today daily open	107.88

Trends
Daily SMA20	107.78
Daily SMA50	108.78
Daily SMA100	108.98
Daily SMA200	108.33

Levels
Previous Daily High	108.1
Previous Daily Low	107.02
Previous Weekly High	111.72
Previous Weekly Low	107.76
Previous Monthly High	111.72
Previous Monthly Low	101.18
Daily Fibonacci 38.2%	107.68
Daily Fibonacci 61.8%	107.43
Daily Pivot Point S1	107.23
Daily Pivot Point S2	106.58
Daily Pivot Point S3	106.15
Daily Pivot Point R1	108.31
Daily Pivot Point R2	108.74
Daily Pivot Point R3	109.39

Author

Flavio Tosti

Independent Analyst

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