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.

Flavio Tosti Independent Analyst

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 price	109.79
Today Daily Change	0.04
Today Daily Change %	0.04
Today daily open	109.75

Trends
Daily SMA20	109.53
Daily SMA50	109.25
Daily SMA100	108.85
Daily SMA200	108.38

Levels
Previous Daily High	109.88
Previous Daily Low	109.56
Previous Weekly High	110.02
Previous Weekly Low	108.32
Previous Monthly High	110.29
Previous Monthly Low	107.65
Daily Fibonacci 38.2%	109.68
Daily Fibonacci 61.8%	109.76
Daily Pivot Point S1	109.58
Daily Pivot Point S2	109.41
Daily Pivot Point S3	109.26
Daily Pivot Point R1	109.9
Daily Pivot Point R2	110.04
Daily Pivot Point R3	110.21

Author

Flavio Tosti

Independent Analyst

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