USD/JPY technical analysis: Buyers will look for a decisive break of 109.00

  • USD/JPY stays positive beyond 50% Fibonacci retracement.
  • Bullish MACD, repeated attempts to clear key resistance highlight the strength of buying momentum.

With its sustained trading beyond 50% Fibonacci retracement of April-August downpour, USD/JPY again confronts 200-day EMA while taking rounds to 108.75 during early Monday.

Not only frequent pullbacks from the key Fibonacci retracement level but bullish signal by 12-bar Moving Average Convergence and Divergence (MACD) indicator also portrays strength in underlying momentum.

As a result, a daily closing beyond the 200-day Exponential Moving Average (EMA) level of 108.75 will not be enough to lure bulls as they will wait for confirmation above monthly top near 109.00.

In doing so, August month top and 61.8% Fibonacci retracement level close to 109.35/40 will be their first target while looking at the 110.00 round-figure.

On the downside, pair’s daily closing below 50% Fibonacci retracement level of 108.40 can drag the quote to the two-month-old rising trend line, around 107.70, a break of which will be the key to watch sellers aiming at monthly bottom around 106.50.

USD/JPY daily chart

Trend: bullish

additional important levels

Today last price 108.75
Today Daily Change 0.09
Today Daily Change % 0.08%
Today daily open 108.66
Daily SMA20 108.05
Daily SMA50 107.46
Daily SMA100 107.58
Daily SMA200 109.06
Previous Daily High 108.78
Previous Daily Low 108.51
Previous Weekly High 108.78
Previous Weekly Low 108.25
Previous Monthly High 108.48
Previous Monthly Low 105.74
Daily Fibonacci 38.2% 108.67
Daily Fibonacci 61.8% 108.61
Daily Pivot Point S1 108.52
Daily Pivot Point S2 108.38
Daily Pivot Point S3 108.25
Daily Pivot Point R1 108.79
Daily Pivot Point R2 108.92
Daily Pivot Point R3 109.06



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

GBP/USD consolidates losses below 1.3150 amid a tighter election poll

GBP/USD is trading below 1.3150, consolidating its losses after YouGov's MRP poll showed a tighter Conservative majority ahead of the UK elections on Thursday. Trade headlines and the Fed decision are also awaited.


EUR/USD remains pressured below 1.11 amid trade uncertainty, ahead of the Fed

EUR/USD is trading below 1.11, consolidating its gains. Uncertainty about the planned US tariffs on China looms and tension is mounting ahead of US inflation and the all-important Fed decision.


Forex Today: Boris gets a blow from big poll, tariff threat looms, focus on the Fed

President Donald Trump has yet to decide on the December 15 tariffs, according to the Wall Street Journal. On the other hand, the paper says that negotiators are laying the groundwork for a deal.

Read more

Gold sidelined near $1465 level, FOMC awaited

Gold lacked any firm directional bias and seesawed between tepid gains/minor losses, around the $1463-66 region through the early European session on Wednesday.

Gold News

USD/JPY: 200-hour EMA questions immediate rising trend-channel

USD/JPY recently took a U-turn from 200-hour Exponential Moving Average (EMA). Even so, it stays well within the two-day-old rising trend-channel formation. The pair trades around 108.75 at the press time on Wednesday.