USD/JPY Price Analysis: Dollar surges above 100.00 figure nearing three-week’s highs

USD/JPY is bouncing sharply from the 2020 lows as DXY demand is relentless.
The level to beat for bulls is the 111.00 figure.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is rebounding sharply from the 2020 lows while breaking above the 110.00 handle and trading above the main SMAs on the daily chart. Investors are hoarding USD as the demand remains unabated.

USD/JPY four-hour chart

USD/JPY broke above the 110.00 figure and the 200 SMA on the four-hour chart. As the bulls remain firmly in control the market is seen extending its gains towards the 111.00 and 112.00 levels in the coming sessions. Support can be seen near the 109.00/108.50 price zone and the 107.55 level on the way down.

Resistance: 108.60, 109.00, 112.00

Support: 107.55, 106.90, 106.00

Additional key levels

USD/JPY

Overview
Today last price	110.19
Today Daily Change	2.11
Today Daily Change %	1.95
Today daily open	108.08

Trends
Daily SMA20	107.71
Daily SMA50	108.88
Daily SMA100	108.91
Daily SMA200	108.25

Levels
Previous Daily High	108.66
Previous Daily Low	106.76
Previous Weekly High	108.51
Previous Weekly Low	101.18
Previous Monthly High	112.23
Previous Monthly Low	107.51
Daily Fibonacci 38.2%	107.93
Daily Fibonacci 61.8%	107.48
Daily Pivot Point S1	107.01
Daily Pivot Point S2	105.93
Daily Pivot Point S3	105.11
Daily Pivot Point R1	108.9
Daily Pivot Point R2	109.73
Daily Pivot Point R3	110.8

Author

Flavio Tosti

Independent Analyst

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