USD/JPY Price Analysis: US dollar struggles vs. Japanese yen as bears approach the 107.00 handle

USD/JPY is easing from March’s tops while breaking below the main SMAs on the four-hour chart.
The level to beat for bears is the 107.00 figure.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is pulling back down from the March’s tops as the spot broke below the 200 SMA on the daily chart.

USD/JPY four-hour chart

USD/JPY is trading below the main SMAS suggesting a bearish momentum in the medium term. A break below the 107.00 figure can lead to further declines towards the 105.00 and 103.00 levels. Resistance can be seen near the 108.80, 110.00 and 111.00 price levels.

Resistance: 108.80, 110.00, 111.00

Support: 107.00, 105.00 103.00

Additional key levels

USD/JPY

Overview
Today last price	107.3
Today Daily Change	-0.27
Today Daily Change %	-0.25
Today daily open	107.57

Trends
Daily SMA20	107.7
Daily SMA50	108.87
Daily SMA100	109
Daily SMA200	108.33

Levels
Previous Daily High	108.73
Previous Daily Low	107.46
Previous Weekly High	111.72
Previous Weekly Low	107.76
Previous Monthly High	111.72
Previous Monthly Low	101.18
Daily Fibonacci 38.2%	107.95
Daily Fibonacci 61.8%	108.25
Daily Pivot Point S1	107.11
Daily Pivot Point S2	106.65
Daily Pivot Point S3	105.84
Daily Pivot Point R1	108.38
Daily Pivot Point R2	109.19
Daily Pivot Point R3	109.65

Author

Flavio Tosti

Independent Analyst

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