USD/JPY Price Analysis: Dollar trades near session’s highs vs. yen, above 110.50 level

USD/JPY is consolidating the recent losses.
The level to beat for bears is the 110.00 figure.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is pulling back down after a huge breakout last week.

USD/JPY four-hour chart

USD/JPY is trading in the 110.00/110.60 range while trading between the 50 and the 100 SMAs. As the market is consolidating the recent drop the bears might try to break below the 110.00 support to reach 109.40 and 108.60 on the way down. Resistances are seen near the 110.65 level and the 111.00 figure.

Resistance: 110.65, 111.00, 111.40

Support: 110.00, 109.40, 108.60

Additional key levels

USD/JPY

Overview
Today last price	111.36
Today Daily Change	1.24
Today Daily Change %	1.13
Today daily open	110.12

Trends
Daily SMA20	109.94
Daily SMA50	109.58
Daily SMA100	109.18
Daily SMA200	108.41

Levels
Previous Daily High	111.04
Previous Daily Low	109.89
Previous Weekly High	112.23
Previous Weekly Low	109.66
Previous Monthly High	110.29
Previous Monthly Low	107.65
Daily Fibonacci 38.2%	110.33
Daily Fibonacci 61.8%	110.6
Daily Pivot Point S1	109.66
Daily Pivot Point S2	109.2
Daily Pivot Point S3	108.51
Daily Pivot Point R1	110.81
Daily Pivot Point R2	111.5
Daily Pivot Point R3	111.96

Author

Flavio Tosti

Independent Analyst

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