USD/JPY Technical Analysis: Greenback clings to daily gains near the 109.00 handle

USD/JPY is holding near daily highs as the London session is about to come to an end.
Resistance on the way up is seen at 109.46 and 109.92/110.00 price zone.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading just above the 109.00 handle and the 200-day simple moving average (DMA) on the daily time frame. In the last three months, the spot has been gaining momentum.

USD/JPY four-hour chart

USD/JPY is holding above the 109.01 support level while trading above the main SMAs. As the market is gaining strength, the spot could be traveling towards the 109.46 level and the 109.92/110.00 resistance zone, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading above the main SMAs on the 30-minute chart. Support is seen at 109.01, the 108.66/78 zone and 108.33 level, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	109.09
Today Daily Change	0.14
Today Daily Change %	0.13
Today daily open	108.95

Trends
Daily SMA20	108.76
Daily SMA50	108.31
Daily SMA100	107.72
Daily SMA200	108.95

Levels
Previous Daily High	108.98
Previous Daily Low	108.63
Previous Weekly High	109.08
Previous Weekly Low	108.28
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	108.85
Daily Fibonacci 61.8%	108.77
Daily Pivot Point S1	108.73
Daily Pivot Point S2	108.51
Daily Pivot Point S3	108.38
Daily Pivot Point R1	109.08
Daily Pivot Point R2	109.2
Daily Pivot Point R3	109.43

Author

Flavio Tosti

Independent Analyst

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