USD/JPY price analysis: Greenback trades at daily lows against yen, sub-109.00 handle

USD/JPY remains vulnerable below the 109.00 figure in the New York session.
The 106.59 support is on the bear's radar.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is correcting the recent drop below the 109.00 figure and the 200-day simple moving average (DMA) on the daily time frame.

USD/JPY four-hour chart

USD/JPY remains on the back foot below the 109.04 resistance and the main SMAs. Bears will likely try retest 108.59 support. If this level fails to hold prices, the spot could decline towards the 108.36/25 level, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading below a downward sloping 200 SMA on the 30-minute chart suggesting a bearish bias in the near term. Resistance is seen at 109.04 and 109.49 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	108.75
Today Daily Change	-0.12
Today Daily Change %	-0.11
Today daily open	108.87

Trends
Daily SMA20	108.93
Daily SMA50	108.5
Daily SMA100	107.79
Daily SMA200	108.89

Levels
Previous Daily High	108.96
Previous Daily Low	108.43
Previous Weekly High	109.67
Previous Weekly Low	108.63
Previous Monthly High	109.67
Previous Monthly Low	107.89
Daily Fibonacci 38.2%	108.76
Daily Fibonacci 61.8%	108.63
Daily Pivot Point S1	108.54
Daily Pivot Point S2	108.21
Daily Pivot Point S3	108
Daily Pivot Point R1	109.08
Daily Pivot Point R2	109.29
Daily Pivot Point R3	109.62

Author

Flavio Tosti

Independent Analyst

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