USD/JPY technical analysis: Do we have a bottom above the 109.00 figure ?

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY has been trading in a bear leg below its main simple moving averages (SMAs).
USD/JPY is trying to establish a base above the 109.00 figure.

USD/JPY 4-hour chart

USD/JPY is challenging 109.77 swing high.

USD/JPY 30-minute chart

USD/JPY is trading above its main SMAs suggesting a bullish bias in the near term.
Buyers need to break above 109.80 and the 110.06 resistance to move up towards the 110.30 and 110.60 price levels.
Support is at 109.50/30 and the 109.00 support. A break below 109.00 on a daily closing basis might invalidate the bullish scenario.

Additional key levels

USD/JPY

Overview
Today last price	109.71
Today Daily Change	0.12
Today Daily Change %	0.11
Today daily open	109.59

Trends
Daily SMA20	110.97
Daily SMA50	111.14
Daily SMA100	110.51
Daily SMA200	111.45

Levels
Previous Daily High	109.71
Previous Daily Low	109.15
Previous Weekly High	110.96
Previous Weekly Low	109.46
Previous Monthly High	112.4
Previous Monthly Low	110.8
Daily Fibonacci 38.2%	109.37
Daily Fibonacci 61.8%	109.5
Daily Pivot Point S1	109.26
Daily Pivot Point S2	108.93
Daily Pivot Point S3	108.71
Daily Pivot Point R1	109.82
Daily Pivot Point R2	110.04
Daily Pivot Point R3	110.37

Author

Flavio Tosti

Independent Analyst

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