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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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