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


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

 

 

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