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USD/JPY Price Analysis: Greenback consolidates below the 110.00 resistance

  • USD/JPY recovery is showing sign of exhaustion below the 109.87 resistance.
  • The level to beat for sellers is the 109.64/53 price zone.
 

USD/JPY daily chart

 
USD/JPY is trading below the 110.00 figure while consolidating the recent gains for the third day in a row. USD/JPY is holding above the main daily simple moving averages (SMAs).
 

USD/JPY four-hour chart

 
The spot is losing bullish momentum below the 109.87 resistance while trading above the main SMAs. If the bears have a break below the 109.64/53 support zone, USD/JPY might pull back down towards the 109.20 level, according to the Technical Confluences Indicator. Resistances are seen near the 109.87 and 110.10 price levels. 
 
    
Resistance: 109.87, 110.10, 110.33
Support: 109.64, 109.53, 109.20
 

Additional key levels

USD/JPY

Overview
Today last price109.79
Today Daily Change0.04
Today Daily Change %0.04
Today daily open109.75
 
Trends
Daily SMA20109.53
Daily SMA50109.25
Daily SMA100108.85
Daily SMA200108.38
 
Levels
Previous Daily High109.88
Previous Daily Low109.56
Previous Weekly High110.02
Previous Weekly Low108.32
Previous Monthly High110.29
Previous Monthly Low107.65
Daily Fibonacci 38.2%109.68
Daily Fibonacci 61.8%109.76
Daily Pivot Point S1109.58
Daily Pivot Point S2109.41
Daily Pivot Point S3109.26
Daily Pivot Point R1109.9
Daily Pivot Point R2110.04
Daily Pivot Point R3110.21

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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