USD/JPY Price Analysis: Rests on 100-HMA above 107.00 amid quiet markets


  • USD/JPY consolidates pullback form the three-day top, stays above 107.00.
  • The one-week-old ascending trend line, 200-HMA adds to the supports.
  • The monthly top can lure buyers during fresh upside.

USD/JPY trades near 107.24 as it enters Friday’s European session. The pair recently pulled back from Tuesday’s top but stays above 100-HMA off-late.

Considering the downward sloping RSI, sellers await a clear break of 107.20, comprising 100-HMA, to aim for the weekly support line, at 106.90.

Though, pair’s further declines depend upon how well the bears can dominate below 200-HMA level of 106.80.

Meanwhile, an upside clearance of the recent high, 107.43, can propel the pair towards the monthly peak of 107.77. However, multiple resistances marked during the mid-April around 108.05/10 can keep the bulls chained afterward.

USD/JPY hourly chart

Trend: Sideways

Additional important levels

Overview
Today last price 107.24
Today Daily Change -0.03
Today Daily Change % -0.03%
Today daily open 107.27
 
Trends
Daily SMA20 107.11
Daily SMA50 107.61
Daily SMA100 108.51
Daily SMA200 108.27
 
Levels
Previous Daily High 107.37
Previous Daily Low 106.78
Previous Weekly High 107.07
Previous Weekly Low 105.99
Previous Monthly High 109.38
Previous Monthly Low 106.36
Daily Fibonacci 38.2% 107.14
Daily Fibonacci 61.8% 107
Daily Pivot Point S1 106.91
Daily Pivot Point S2 106.55
Daily Pivot Point S3 106.32
Daily Pivot Point R1 107.5
Daily Pivot Point R2 107.73
Daily Pivot Point R3 108.09

 

 

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