USD/JPY technical analysis: Greenback clings to weekly highs near 107.90 level

USD/JPY holds onto weekly gains as the market is nearing the 107.90 resistance.
The levels to beat for bulls is the 107.90/108.13 resistance zone.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The market broke above the 107.00 figure and the 50 SMA.

USD/JPY 4-hour chart

USD/JPY is trading above its main SMAs, suggesting bullish momentum in the medium term. Bulls will be looking for a break beyond the 107.90/108.13 resistance zone in order to set their eyes on the 108.92 resistance level, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

Dollar/Yen is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at 107.42 level followed by the 106.90 level, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.76
Today Daily Change	0.22
Today Daily Change %	0.20
Today daily open	107.54

Trends
Daily SMA20	106.38
Daily SMA50	107.15
Daily SMA100	108.23
Daily SMA200	109.5

Levels
Previous Daily High	107.59
Previous Daily Low	107.18
Previous Weekly High	107.23
Previous Weekly Low	105.74
Previous Monthly High	109.32
Previous Monthly Low	104.45
Daily Fibonacci 38.2%	107.43
Daily Fibonacci 61.8%	107.34
Daily Pivot Point S1	107.28
Daily Pivot Point S2	107.03
Daily Pivot Point S3	106.88
Daily Pivot Point R1	107.69
Daily Pivot Point R2	107.84
Daily Pivot Point R3	108.1

Author

Flavio Tosti

Independent Analyst

EUR/USD keeps the bid bias just over 1.1800

EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.