USD/JPY Price Analysis: Greenback trades in 2.5-month highs vs. Japanese yen

USD/JPY is holding near levels last seen in late March 2020.
The level to beat for bulls is the 109.75 resistance.

Flavio Tosti Independent Analyst

USD/JPY four-hour chart

USD/JPY is trading off the June’s highs just below the 109.75 resistance. As bulls remain in charge above the main SMAs on the four-hour chart, a break of the 107.75 resistance could lead to further upside towards the 110.12 and 110.90 price levels. On the other hand, retracements down could find support near the 108.81 and 108.36 levels initially.

Additional key levels

USD/JPY

Overview
Today last price	109.61
Today Daily Change	0.46
Today Daily Change %	0.42
Today daily open	109.15

Trends
Daily SMA20	107.67
Daily SMA50	107.62
Daily SMA100	108.31
Daily SMA200	108.4

Levels
Previous Daily High	109.2
Previous Daily Low	108.62
Previous Weekly High	107.95
Previous Weekly Low	107.08
Previous Monthly High	108.09
Previous Monthly Low	105.99
Daily Fibonacci 38.2%	108.98
Daily Fibonacci 61.8%	108.84
Daily Pivot Point S1	108.78
Daily Pivot Point S2	108.41
Daily Pivot Point S3	108.2
Daily Pivot Point R1	109.36
Daily Pivot Point R2	109.57
Daily Pivot Point R3	109.93

Author

Flavio Tosti

Independent Analyst

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