USD/JPY Price Analysis: Greenback going nowhere vs. Japanese yen, trades sub-108.00 figure

USD/JPY is ending the week pretty much where it started.
The level to beat for bears is the 107.00 support.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY keeps trading in a tight range below the 108.00 figure and the main SMAs on the daily chart as market participants are looking for a clear direction.

USD/JPY four-hour chart

USD/JPY is trading below the main SMAs on the four-hour chart suggesting a negative bias in the medium term. However, the spot remains confined in an extremely tight range. Sellers would need a clear daily close below the 107.00 figure, near the April low. On the flip side, resistance is seen near the 108.00 figure and a close above this level can lead to further gains.

Additional key levels

USD/JPY

Overview
Today last price	107.46
Today Daily Change	-0.14
Today Daily Change %	-0.13
Today daily open	107.6

Trends
Daily SMA20	107.97
Daily SMA50	108.38
Daily SMA100	108.85
Daily SMA200	108.33

Levels
Previous Daily High	108.04
Previous Daily Low	107.35
Previous Weekly High	108.52
Previous Weekly Low	106.93
Previous Monthly High	111.72
Previous Monthly Low	101.18
Daily Fibonacci 38.2%	107.61
Daily Fibonacci 61.8%	107.78
Daily Pivot Point S1	107.28
Daily Pivot Point S2	106.97
Daily Pivot Point S3	106.59
Daily Pivot Point R1	107.98
Daily Pivot Point R2	108.36
Daily Pivot Point R3	108.68

Author

Flavio Tosti

Independent Analyst

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