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

 

 

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

EUR/USD remains on the back foot amid ongoing trade concerns

EUR/USD is trading around 1.1150, the lowest in over two weeks. Markets are worried about US-Sino trade tensions as US companies stop working with China's Huawei. European elections are warming up.

EUR/USD News

GBP/USD consolidates its losses amid Brexit pessimism

GBP/USD is trading in the low 1.2700s, close to the lowest since January. UK PM May is set to present a new plan after cross-party talks failed and as calls for her to quit mount.

GBP/USD News

USD/JPY off multi-day tops, looks to test 110.00 ahead of Fedspeak

Japanese growth optimism in play as risk-on fades amid looming US-China trade risks. Eyes on risk sentiment, trade developments and Fed speak for fresh directives.

USD/JPY News

Gold aims to revisit 9-month old support-line near $1272

Gold is on its third negative trading day as it seesaws near $1276.50 ahead of the European open on Monday. Pessimism surrounding the US-China and the US-Iran relations could limit the bullion’s decline near trend-line support.

Gold News

Cryptos stage a Sunday surge, levels to watch – Confluence Detector

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels to watch according to the Confluence Detector.

Read more

Majors

Cryptocurrencies

Signatures