USD/JPY Technical Analysis: Greenback clings to six-month highs against yen, near 109.50 level

USD/JPY is trading at levels not seen since late May 2019.
Resistance is seen at the 109.92/110.00 price zone.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading above the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. The market is trading at levels not seen since late 2019.

USD/JPY four-hour chart

The market is trending up as the bulls broke above the 109.46 level. As the market is gaining momentum, the market might be headed towards the 109.92/110.00 resistance zone, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is climbing above the main SMAs on the 30-minute chart suggesting a bullish bias in the near term. Support is seen at the 109.47, 109.33 and 109.10 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	109.54
Today Daily Change	-0.01
Today Daily Change %	-0.01
Today daily open	109.55

Trends
Daily SMA20	108.8
Daily SMA50	108.35
Daily SMA100	107.74
Daily SMA200	108.94

Levels
Previous Daily High	109.61
Previous Daily Low	109.02
Previous Weekly High	109.08
Previous Weekly Low	108.28
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	109.39
Daily Fibonacci 61.8%	109.25
Daily Pivot Point S1	109.17
Daily Pivot Point S2	108.8
Daily Pivot Point S3	108.58
Daily Pivot Point R1	109.76
Daily Pivot Point R2	109.98
Daily Pivot Point R3	110.36

Author

Flavio Tosti

Independent Analyst

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