USD/JPY technical analysis: Greenback easing from monthly highs against Yen


  • USD/JPY is trading at daily lows near 108.50 as the London session will soon come to an end. 
  • USD/JPY is giving back some of the gains made in the early October bull run. 
 

USD/JPY daily chart

 
 
The USD/JPY currency pair is trading in a bear trend below the 200-day simple moving average (DSMA). The spot is currently consolidating the October bull leg below the 109.00 handle. 
 

USD/JPY four-hour chart

 
 
USD/JPY is trading above the main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. The level to beat for bulls is the 108.56 resistance followed by the 108.90 price level, according to the Technical Confluences Indicator

USD/JPY 30-minute chart

 
 
USD/JPY is trading below the main SMAs, suggesting bearish momentum in the near term. Bears might have taken over and the next relevant support is seen at the 108.16 and 107.70 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

USD/JPY

Overview
Today last price 108.52
Today Daily Change -0.12
Today Daily Change % -0.11
Today daily open 108.64
 
Trends
Daily SMA20 107.77
Daily SMA50 107.15
Daily SMA100 107.56
Daily SMA200 109.07
 
Levels
Previous Daily High 108.94
Previous Daily Low 108.45
Previous Weekly High 108.63
Previous Weekly Low 106.65
Previous Monthly High 108.48
Previous Monthly Low 105.74
Daily Fibonacci 38.2% 108.64
Daily Fibonacci 61.8% 108.75
Daily Pivot Point S1 108.42
Daily Pivot Point S2 108.19
Daily Pivot Point S3 107.93
Daily Pivot Point R1 108.91
Daily Pivot Point R2 109.17
Daily Pivot Point R3 109.4

 

 

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