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.

Flavio Tosti Independent Analyst

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 price	108.51
Today Daily Change	-0.13
Today Daily Change %	-0.12
Today daily open	108.64

Trends
Daily SMA20	108.76
Daily SMA50	108.24
Daily SMA100	107.7
Daily SMA200	109

Levels
Previous Daily High	109.08
Previous Daily Low	108.51
Previous Weekly High	109.3
Previous Weekly Low	108.23
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	108.73
Daily Fibonacci 61.8%	108.86
Daily Pivot Point S1	108.41
Daily Pivot Point S2	108.18
Daily Pivot Point S3	107.84
Daily Pivot Point R1	108.97
Daily Pivot Point R2	109.31
Daily Pivot Point R3	109.54

Author

Flavio Tosti

Independent Analyst

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