USD/JPY Price Analysis: US dollar taking a breather near 109.00 figure vs. Japanese yen

  • USD/JPY consolidates gains near the 109.00 figure. 
  • The level to beat for bulls is the 109.50 resistance.

USD/JPY daily chart

USD/JPY is trading above the 200 SMA on the daily chart as the quote is trying to stabilize above the 107.00 level amidst better market mood. 

USD/JPY four-hour chart

The bull trend remains intact as the market trades above the 108.70 support level and the 50/200 SMAs on the four chart. Bulls are likely looking for a break above the 109.50 resistance which would open the doors to the 110.00 and 111.00 handle on the way up while support can emerge near 108.70, 108.00 ad 107.00 price levels.  

Additional key levels


Today last price 108.81
Today Daily Change 0.04
Today Daily Change % 0.04
Today daily open 108.77
Daily SMA20 108.43
Daily SMA50 108.77
Daily SMA100 108.98
Daily SMA200 108.34
Previous Daily High 109.28
Previous Daily Low 108.67
Previous Weekly High 108.73
Previous Weekly Low 106.92
Previous Monthly High 111.72
Previous Monthly Low 101.18
Daily Fibonacci 38.2% 108.9
Daily Fibonacci 61.8% 109.05
Daily Pivot Point S1 108.54
Daily Pivot Point S2 108.3
Daily Pivot Point S3 107.93
Daily Pivot Point R1 109.14
Daily Pivot Point R2 109.52
Daily Pivot Point R3 109.75



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