USD/JPY Technical Analysis: Greenback bulls keep the market above the 108.00 figure

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
Bulls are keeping the market above the 108.00 figure despite bearish pressure.

USD/JPY 4-hour chart

The 50 SMA is acting as dynamic resistance.

USD/JPY 30-minute chart

USD/JPY is trading in a tight range.
Bulls will most likely try to reconquer the 108.50 level to the upside in the short-term.
Support lies at the 107.80 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 108.2
    Today Daily change: -35 pips
    Today Daily change %: -0.322%
    Today Daily Open: 108.55
Trends:
    Previous Daily SMA20: 110.03
    Previous Daily SMA50: 112
    Previous Daily SMA100: 112.17
    Previous Daily SMA200: 111.14
Levels:
    Previous Daily High: 108.6
    Previous Daily Low: 108.14
    Previous Weekly High: 109.09
    Previous Weekly Low: 107.77
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 108.43
    Previous Daily Fibonacci 61.8%: 108.32
    Previous Daily Pivot Point S1: 108.26
    Previous Daily Pivot Point S2: 107.97
    Previous Daily Pivot Point S3: 107.8
    Previous Daily Pivot Point R1: 108.72
    Previous Daily Pivot Point R2: 108.89
    Previous Daily Pivot Point R3: 109.18

Author

Flavio Tosti

Independent Analyst

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