USD/JPY technical analysis: Greenback ending the week above 107.50 against Japanese Yen

The market is stabilizing above 107.50 in the near term.
The level to beat for bulls is at 108.10.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is in a bear trend below the main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which can be seen as bearish.

USD/JPY 4-hour chart

USD/JPY is gaining some strength above its 50 SMA. Support is at 107.50, 107.10 and 106.70, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading above 108.75 resistance and the main SMAs suggesting bullish momentum in the near term. A breakout beyond above 108.10 could open the doors to 108.70 resistance according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.89
Today Daily Change	0.09
Today Daily Change %	0.08
Today daily open	107.8

Trends
Daily SMA20	108.09
Daily SMA50	109.54
Daily SMA100	110.34
Daily SMA200	111.05

Levels
Previous Daily High	108.16
Previous Daily Low	107.65
Previous Weekly High	108.73
Previous Weekly Low	107.04
Previous Monthly High	111.71
Previous Monthly Low	108.23
Daily Fibonacci 38.2%	107.97
Daily Fibonacci 61.8%	107.85
Daily Pivot Point S1	107.58
Daily Pivot Point S2	107.35
Daily Pivot Point S3	107.06
Daily Pivot Point R1	108.1
Daily Pivot Point R2	108.39
Daily Pivot Point R3	108.62

Author

Flavio Tosti

Independent Analyst

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