USD/JPY Price Analysis: Greenback jumps to four-day highs as trade tension ease

USD/JPY broke above the 109.00 handle as Trump is upbeat on the trade deal.
Resistance is seen at the 109.26 and 109.43 price levels.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is nearing the 109.00 handle while piercing above the 200-day simple moving average (DMA). The Japanese yen is getting dumped as President Trump tweeted: “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”. The market switched to risk-on after it with equities jumping and gold dropping.

USD/JPY four-hour chart

The spot is spiking to the upside, breaking above the 109.04 resistance and the main SMAs. The quote could reach the 109.26 and 109.43 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	108.94
Today Daily Change	0.40
Today Daily Change %	0.37
Today daily open	108.54

Trends
Daily SMA20	108.82
Daily SMA50	108.59
Daily SMA100	107.83
Daily SMA200	108.82

Levels
Previous Daily High	108.86
Previous Daily Low	108.46
Previous Weekly High	109.73
Previous Weekly Low	108.43
Previous Monthly High	109.67
Previous Monthly Low	107.89
Daily Fibonacci 38.2%	108.61
Daily Fibonacci 61.8%	108.71
Daily Pivot Point S1	108.38
Daily Pivot Point S2	108.23
Daily Pivot Point S3	107.99
Daily Pivot Point R1	108.78
Daily Pivot Point R2	109.02
Daily Pivot Point R3	109.17

Author

Flavio Tosti

Independent Analyst

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