USD/JPY technical analysis: Buyers challenging the 110.00 figure

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is attempting to base above the 109.00 figure.

USD/JPY 4-hour chart

USD/JPY is challenging the 110.00 figure as the market is trading above the 50 SMA.

USD/JPY 30-minute chart

USD/JPY is trading above its main SMAs suggesting bullish momentum in the near term.
Buyers are challenging 110.06 big resistance. When broken 110.30 and 110.60 can become the next price targets to the upside.
Support is at the 109.80 and the 109.50 price level. A break below 109.00 on a daily closing basis may invalidate the bullish bias.

Additional key levels

USD/JPY

Overview
Today last price	109.98
Today Daily Change	0.13
Today Daily Change %	0.12
Today daily open	109.85

Trends
Daily SMA20	110.87
Daily SMA50	111.1
Daily SMA100	110.5
Daily SMA200	111.44

Levels
Previous Daily High	109.97
Previous Daily Low	109.33
Previous Weekly High	110.96
Previous Weekly Low	109.46
Previous Monthly High	112.4
Previous Monthly Low	110.8
Daily Fibonacci 38.2%	109.73
Daily Fibonacci 61.8%	109.58
Daily Pivot Point S1	109.46
Daily Pivot Point S2	109.08
Daily Pivot Point S3	108.83
Daily Pivot Point R1	110.1
Daily Pivot Point R2	110.35
Daily Pivot Point R3	110.74

Author

Flavio Tosti

Independent Analyst

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