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USD/JPY Technical Analysis: Greenback at daily lows against yen, near 108.50 level

  • USD/JPY is trading at daily lows after the London close this Tuesday. 
  • The level to beat for bears is 108.50, followed by the 108.27 level.
 

USD/JPY daily chart

 
USD/JPY is ranging below the 109.00 figure and the 200-day simple moving average (DMA) on the daily chart. In the last two months, the spot has been accelerating on the way up.
 
 

USD/JPY four-hour chart

 
USD/JPY is challenging the 108.50 level and the 200 SMA. A break below this level can lead to a potential decline near the 108.27 swing low. 
  

USD/JPY 30-minute chart

 
USD/JPY is trading below the main SMAs on the 30-minute chart suggesting a bearish bias in the near term. Resistance is seen near 108.75, 108.94, 109.05 and 109.35 levels, according to the Technical Confluences Indicator.
  

Additional key levels

USD/JPY

Overview
Today last price108.51
Today Daily Change-0.13
Today Daily Change %-0.12
Today daily open108.64
 
Trends
Daily SMA20108.76
Daily SMA50108.24
Daily SMA100107.7
Daily SMA200109
 
Levels
Previous Daily High109.08
Previous Daily Low108.51
Previous Weekly High109.3
Previous Weekly Low108.23
Previous Monthly High109.29
Previous Monthly Low106.48
Daily Fibonacci 38.2%108.73
Daily Fibonacci 61.8%108.86
Daily Pivot Point S1108.41
Daily Pivot Point S2108.18
Daily Pivot Point S3107.84
Daily Pivot Point R1108.97
Daily Pivot Point R2109.31
Daily Pivot Point R3109.54

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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