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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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