USD/JPY technical analysis: Greenback easing from daily highs, trading sub-107.00 figure

USD/JPY starts the week in a tight range near the 107.00 handle.
The level to beat for bulls is the 107.00 figure followed by the 107.40 resistance.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bear trend below the main simple moving averages (SMAs). The market is challenging the 50 SMA this Monday in the New York session.

USD/JPY four-hour chart

USD/JPY is under pressure below the 107.00 figure and main 200 SMA. A break below the 106.80 support can expose the 106.40 level to the downside, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

The USD/JPY currency pair is trading above the 50/100 SMAs, suggesting a consolidation up in the near term. Immediate resistances are seen at the 107.00 and 107.40 price levels. Further up lie the 107.70 level, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	106.96
Today Daily Change	0.03
Today Daily Change %	0.03
Today daily open	106.93

Trends
Daily SMA20	107.7
Daily SMA50	106.99
Daily SMA100	107.71
Daily SMA200	109.1

Levels
Previous Daily High	107.13
Previous Daily Low	106.58
Previous Weekly High	108.48
Previous Weekly Low	106.48
Previous Monthly High	108.48
Previous Monthly Low	105.74
Daily Fibonacci 38.2%	106.92
Daily Fibonacci 61.8%	106.79
Daily Pivot Point S1	106.63
Daily Pivot Point S2	106.33
Daily Pivot Point S3	106.08
Daily Pivot Point R1	107.18
Daily Pivot Point R2	107.43
Daily Pivot Point R3	107.73

Author

Flavio Tosti

Independent Analyst

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