USD/JPY technical analysis: 108.70 become the level to beat for bulls

USD/JPY have found support at the 108.00 handle.
USD/JPY will need to overcome 108.70 to travel towards 109.20 resistance.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is in a bear leg below the main daily simple moving averages (DSMAs).

USD/JPY 4-hour chart

USD/JPY is consolidating the losses above the 108.00 handle and the 50 SMA.

USD/JPY 30-minute chart

Buyers have found some support above the 108.00 figure. A break above 108.70 can lead to more gains towards 109.00 and 109.20 to the upside. Support is seen at 108.40 and 108.00.

Additional key levels

USD/JPY

Overview
Today last price	108.58
Today Daily Change	0.39
Today Daily Change %	0.36
Today daily open	108.19

Trends
Daily SMA20	109.29
Daily SMA50	110.56
Daily SMA100	110.55
Daily SMA200	111.31

Levels
Previous Daily High	108.62
Previous Daily Low	107.88
Previous Weekly High	108.62
Previous Weekly Low	107.81
Previous Monthly High	111.71
Previous Monthly Low	108.23
Daily Fibonacci 38.2%	108.16
Daily Fibonacci 61.8%	108.34
Daily Pivot Point S1	107.84
Daily Pivot Point S2	107.49
Daily Pivot Point S3	107.1
Daily Pivot Point R1	108.58
Daily Pivot Point R2	108.97
Daily Pivot Point R3	109.32

Author

Flavio Tosti

Independent Analyst

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