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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.

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 price107.89
Today Daily Change0.09
Today Daily Change %0.08
Today daily open107.8
 
Trends
Daily SMA20108.09
Daily SMA50109.54
Daily SMA100110.34
Daily SMA200111.05
Levels
Previous Daily High108.16
Previous Daily Low107.65
Previous Weekly High108.73
Previous Weekly Low107.04
Previous Monthly High111.71
Previous Monthly Low108.23
Daily Fibonacci 38.2%107.97
Daily Fibonacci 61.8%107.85
Daily Pivot Point S1107.58
Daily Pivot Point S2107.35
Daily Pivot Point S3107.06
Daily Pivot Point R1108.1
Daily Pivot Point R2108.39
Daily Pivot Point R3108.62

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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