USD/JPY technical analysis: Greenback holding on tight against the Yen above 109.30 support

Memorial Day in the US can provide little voloatility this Monday.
USD/JPY bulls are attempting to gain some ground but there is more work to be done.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading at multi-month lows below its main simple moving averages (SMAs).

USD/JPY 4-hour chart

USD/JPY is trading under bearish pressure below its main SMAs.

USD/JPY 30-minute chart

USD/JPY is starting the week quietly and trading within last week range above the 109.30 support and the 50 SMA. USD bulls want to bring back the market above 109.60 and 109.75 swing highs. If they succeed then 110.00 can be back on the radar. On the flip side, if the sellers have a daily close below 109.30 and 109.00 the figure then investors might brace themselves for further weakness.

Additional key levels

USD/JPY

Overview
Today last price	109.5
Today Daily Change	0.20
Today Daily Change %	0.18
Today daily open	109.3

Trends
Daily SMA20	110.31
Daily SMA50	110.94
Daily SMA100	110.55
Daily SMA200	111.42

Levels
Previous Daily High	109.75
Previous Daily Low	109.27
Previous Weekly High	110.68
Previous Weekly Low	109.27
Previous Monthly High	112.4
Previous Monthly Low	110.8
Daily Fibonacci 38.2%	109.45
Daily Fibonacci 61.8%	109.57
Daily Pivot Point S1	109.13
Daily Pivot Point S2	108.97
Daily Pivot Point S3	108.66
Daily Pivot Point R1	109.61
Daily Pivot Point R2	109.91
Daily Pivot Point R3	110.08

Author

Flavio Tosti

Independent Analyst

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