USD/JPY Price Analysis: Remains strong to meet daily confluence near 110.80

  • USD/JPY edges higher and faces some resistance near the higher level.
  • Pair continues to project gains from the low of 107.45 in April.
  • Momentum oscillator tilts in favor of the upside momentum,

USD/JPY maintains its upside momentum and remains grounded above the 110.60 mark in the initial Asian trading hours. 

At the time of writing, the USD/JPY pair is trading at 110.65, up 0.01% for the day.

USD/JPY daily chart

On the daily chart, the USD/JPY pair approaches the resistance confluence near the 110.65 level. The rising trend line from the low of 107.47 acts as a defensive for the bulls.

If price sustains above the session’s high, then it has the potential to recoup YTD highs at 110.86.

The Moving Average Convergence Divergence (MACD) indicator reads above the midline, with a bullish bias. The readings suggest impending upside momentum in the pair.

That said, USD/JPY bulls would attempt to make fresh yearly highs near February 2019 high at 111.50.

The next region would be the high of March 2019 at 112.14 for the bulls to explore.

Alternatively, if the price breaks 110.60 then it could bring the selling opportunities in the pair. The first target, in that case,  would be the previous day’s low at 110.21.

Market participants then look out for the 20-day Simple Moving Average (SMA) at  109.91 followed by the low of June 14 at 109.61.

USD/JPY additional levels


Today last price 110.66
Today Daily Change 0.41
Today Daily Change % 0.37
Today daily open 110.25
Daily SMA20 109.74
Daily SMA50 109.19
Daily SMA100 108.42
Daily SMA200 106.41
Previous Daily High 110.35
Previous Daily Low 109.72
Previous Weekly High 110.82
Previous Weekly Low 109.61
Previous Monthly High 110.2
Previous Monthly Low 108.34
Daily Fibonacci 38.2% 110.11
Daily Fibonacci 61.8% 109.96
Daily Pivot Point S1 109.86
Daily Pivot Point S2 109.47
Daily Pivot Point S3 109.23
Daily Pivot Point R1 110.5
Daily Pivot Point R2 110.74
Daily Pivot Point R3 111.13



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: Seesaws inside monthly falling wedge below 1.1800

EUR/USD picks up bids to 1.1775, consolidating the pullback from 100-SMA, during Friday’s Asian session. In doing so, the major currency pair bounces off a short-term support line inside a one-month-old falling wedge bullish chart pattern on the four-hour (4H) play.


GBP/USD stays directed to 1.3830 resistance confluence

GBP/USD holds onto 200-DMA breakout around 1.3765 amid a quiet start to Friday’s Asian session. The cable pair’s recovery moves from 61.8% Fibonacci retracement (Fibo.) of December 2020 to June 2021 upside manages to cross the key SMA and 50% Fibo. hurdle, keeping the buyers hopeful. 


Gold drops back towards $1800 as USD catches a fresh bid

Gold price has returned to the red zone once again after a temporary reversal seen on Thursday, as a test of the sub-$1800 levels keeps calling. Gold price is holding the lower ground while approaching the $1800 mark, as the US dollar catches a fresh bid amid a mixed action in the Asian equities.

Gold News

Bitcoin price jumps as JP Morgan plans to offer retail clients access to cryptocurrency funds

Bitcoin price reaches a technical inflection point as it builds on the upside momentum initiated yesterday and is supported by the breaking JPMorgan news. A release from the falling wedge pattern will provoke sizeable gains for BTC investors.

Read more

Wall Street Update: Airlines take off, banks pay out, while jobless claims jump

Stock markets are in a calm mood ahead of the open on Thursday as the whipsaw of the last few sessions looks to have parted for calmer seas. So it begins for financial stocks who had their dividend restrictions lifted recently, with Bank of America increasing its dividend to a 2% yield.

Read more