USD/JPY technical analysis: Greenback is at daily lows against Yen, near 107.30 level

USD/JPY is weakening as the market is dropping from the September highs.
The level to beat for sellers is the 107.22 support level.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is in a downtrend below its 100/200-day simple moving averages (SMA). The market is currently retreating down from the September highs.

USD/JPY 4-hour chart

USD/JPY is trading below the 50 and 100 SMAs, suggesting a consolidation down in the medium term. On the way down, a break of 107.22 can expose the 106.88 support, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs, suggesting a downward bias in the near term. Immediate resistances are seen at the 107.50 and 107.88 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.39
Today Daily Change	-0.17
Today Daily Change %	-0.16
Today daily open	107.56

Trends
Daily SMA20	107.19
Daily SMA50	107.1
Daily SMA100	107.92
Daily SMA200	109.27

Levels
Previous Daily High	107.77
Previous Daily Low	107.31
Previous Weekly High	108.48
Previous Weekly Low	107.48
Previous Monthly High	109.32
Previous Monthly Low	104.45
Daily Fibonacci 38.2%	107.49
Daily Fibonacci 61.8%	107.59
Daily Pivot Point S1	107.32
Daily Pivot Point S2	107.08
Daily Pivot Point S3	106.86
Daily Pivot Point R1	107.78
Daily Pivot Point R2	108.01
Daily Pivot Point R3	108.24

Author

Flavio Tosti

Independent Analyst

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