USD/JPY technical analysis: Greenback is about to enter the Asian session above 107.83 against Yen

USD/JPY is rebounding from the monthly lows as buyers are challenging the 108.00 figure.
The levels to beat for bulls are seen at 108.03 and the 108.27 resistance level.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is up small this Monday as the market is trading below the main daily simple moving averages (DSMAs). Spot is trading just below the 108.00 figure.

USD/JPY 4-hour chart

USD/JPY is ranging below the main SMAs as the market is off the monthly lows. Sellers want to break below 107.83 resistance to reach 107.20 on the way down, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading just above its main SMAs suggesting bullish momentum in the near term. Buyers need to break above 108.03 to travel towards 108.27 resistance.

Additional key levels

USD/JPY

Overview
Today last price	107.89
Today Daily Change	0.15
Today Daily Change %	0.14
Today daily open	107.74

Trends
Daily SMA20	108
Daily SMA50	108.56
Daily SMA100	109.92
Daily SMA200	110.65

Levels
Previous Daily High	107.98
Previous Daily Low	107.21
Previous Weekly High	108.38
Previous Weekly Low	107.21
Previous Monthly High	108.8
Previous Monthly Low	106.78
Daily Fibonacci 38.2%	107.69
Daily Fibonacci 61.8%	107.5
Daily Pivot Point S1	107.31
Daily Pivot Point S2	106.87
Daily Pivot Point S3	106.54
Daily Pivot Point R1	108.08
Daily Pivot Point R2	108.42
Daily Pivot Point R3	108.85

Author

Flavio Tosti

Independent Analyst

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