USD/JPY Technical Analysis: Break to 109.00 handle still on the cards

USD/JPY is entering the Asian session near daily highs.
The level to beat for buyers is the 108.73 resistance.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading above the 108.00 handle and the 50-day simple moving average (DMA) on the daily time frame. Over the last 2.5 months, the spot has been gradually gaining ground.

USD/JPY four-hour chart

USD/JPY is holding above the 108.50 support level and the 200 SMA. A breakout above the 108.73 level can lead to a potential bullish move towards the 108.94/109.05 resistance zone, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading in a range near a flat 200 SMA on the 30-minute chart. Support is seen at the 108.50 and 108.27 levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	108.62
Today Daily Change	0.05
Today Daily Change %	0.05
Today daily open	108.57

Trends
Daily SMA20	108.76
Daily SMA50	108.27
Daily SMA100	107.71
Daily SMA200	108.98

Levels
Previous Daily High	108.74
Previous Daily Low	108.35
Previous Weekly High	109.3
Previous Weekly Low	108.23
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	108.59
Daily Fibonacci 61.8%	108.5
Daily Pivot Point S1	108.36
Daily Pivot Point S2	108.16
Daily Pivot Point S3	107.96
Daily Pivot Point R1	108.76
Daily Pivot Point R2	108.95
Daily Pivot Point R3	109.16

Author

Flavio Tosti

Independent Analyst

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