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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

GBP/USD extends gains toward 1.31 after upbeat UK wage figures

GBP/USD is extending its gains and advancing toward 1.31 after UK wage figures beat expectations with 3.2% annually. The unemployment rate remained at 3.8% in November. 

GBP/USD News

EUR/USD recaptures 1.11 amid upbeat German figures, USD weakness

EUR/USD is trading above 1.11 after the German ZEW Economic Sentiment beat with 26.7 points. Presidents Trump and Macron agreed not to slap tariffs on each others' countries. The US dollar is retreating.

EUR/USD News

Market delays the trip to the moon

The crypto markets continue to turn to a new bullish phase. This turnaround began at the beginning of the year after a consolidation phase that started in mid-2019. 

Read more

Gold retreats from 2-week tops, drifts into negative territory

Gold failed to capitalize on its early uptick to near two-week tops and dropped to fresh session lows, around the $1560 region in the last hour.

Gold News

USD/JPY: Weaker near 110.00 amid China virus fears, BOJ's status-quo

The Japanese yen retains the bid tone following the Bank of Japan's (BOJ) status-quo, keeping USD/JPY under pressure near the 110 level amid risk-off market profile. S&P 500 futures drop 0.40% while the US Treasury yields are down over 1.50%, as the sentiment is hit by the coronavirus outbreak. 

USD/JPY News

Forex MAJORS

Cryptocurrencies

Signatures