USD/JPY technical analysis: Greenback ends the week below the 108.50 level


  • This week USD/JPY consolidated the October bull run. 
  • The level to beat for bears is the 108.16 support. 
 

USD/JPY daily chart

 
 
USD/JPY is trading in a bear trend below its 200-day simple moving average (DSMA). The spot is currently retracing down after the October bull run. 
 

USD/JPY four-hour chart

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

USD/JPY 30-minute chart

 
 
USD/JPY is trading below its primary SMAs, suggesting a bearish bias in the near term. Next week, the sellers might target the support levels at 108.16 and 107.70, according to the Technical Confluences Indicator
 

Additional key levels

USD/JPY

Overview
Today last price 108.41
Today Daily Change -0.23
Today Daily Change % -0.21
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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