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

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