USD/JPY technical analysis: Greenback drops to daily lows, trades above the 109.00 handle


  • USD/JPY dropped to daily fresh daily lows however still holding onto weekly gains.
  • The level to beat for buyers is the 109.29 resistance.
 
 

USD/JPY daily chart

 
USD/JPY is trading above the 109.00 handle and the 200-day simple moving average (SMA) on the daily chart. In the last two months the market has been gaining considerable momentum. 
 

USD/JPY four-hour chart

 
The spot is trading above its main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. The market is battling with the 109.29 resistance, now trading just below it. Resistances on the way up are seen at the 109.85 and 110.20 price levels, according to the Technical Confluences Indicator. 
 

USD/JPY 30-minute chart

 
USD/JPY is trading above the upward sloping 100 and 200 SMAs, suggesting a bullish momentum in the near term. Support is seen at the 109.00 figure followed by the 108.55 and 108.27 levels, according to the Technical Confluences Indicator. 
 

Additional key levels

USD/JPY

Overview
Today last price 109.19
Today Daily Change -0.08
Today Daily Change % -0.07
Today daily open 109.27
 
Trends
Daily SMA20 108.67
Daily SMA50 107.92
Daily SMA100 107.62
Daily SMA200 109.04
 
Levels
Previous Daily High 109.49
Previous Daily Low 108.65
Previous Weekly High 109.29
Previous Weekly Low 107.89
Previous Monthly High 109.29
Previous Monthly Low 106.48
Daily Fibonacci 38.2% 109.17
Daily Fibonacci 61.8% 108.97
Daily Pivot Point S1 108.78
Daily Pivot Point S2 108.29
Daily Pivot Point S3 107.94
Daily Pivot Point R1 109.63
Daily Pivot Point R2 109.98
Daily Pivot Point R3 110.47

 

 

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