• USD/JPY prints mild losses while snapping a two-day winning streak, recently recovering from intraday low.
  • Bullish MACD, 14-day-long support line and a sustained break of 50-day SMA favor buyers.

USD/JPY trims early-Asia losses while rising to 105.90 ahead of Friday’s European session. The yen pair took a U-turn from a multi-day-old resistance line the previous day. However, the resulted declines stay above 50-day SMA support amid bullish MACD.

As a result, buyers are waiting for entries and will not hesitate to refresh the monthly high of 106.10 if witnessing an upside clearance of 106.05 trend line resistance.

In doing so, the USD/JPY bulls will eye the August month’s peak surrounding 107.05 whereas the last month’s top of 106.55 can offer an intermediate halt during the rise.

Meanwhile, a downside break below the 50-day SMA level of 105.80 will have an opportunity to bounce from an upward sloping trend line from September 21, at 105.47 now.

In a case where the bears sneak around 105.45, the monthly low close to 104.95 and the September month’s trough of 104.00 will be in the spotlight.

USD/JPY daily chart

Trend: Pullback expected

Additional important levels

Today last price 105.9
Today Daily Change -13 pips
Today Daily Change % -0.12%
Today daily open 106.03
Daily SMA20 105.42
Daily SMA50 105.81
Daily SMA100 106.53
Daily SMA200 107.48
Previous Daily High 106.11
Previous Daily Low 105.92
Previous Weekly High 105.8
Previous Weekly Low 104.94
Previous Monthly High 106.55
Previous Monthly Low 104
Daily Fibonacci 38.2% 106.04
Daily Fibonacci 61.8% 105.99
Daily Pivot Point S1 105.93
Daily Pivot Point S2 105.84
Daily Pivot Point S3 105.75
Daily Pivot Point R1 106.12
Daily Pivot Point R2 106.2
Daily Pivot Point R3 106.3



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