USD/JPY technical analysis: Greenback is under pressure below the 107.00 handle

The ISM Non-Manufacturing PMI in September disappointed the market dropping to 52.6 in vs. 55 forecast.
The level to beat for bears is the 106.50 support level.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bear trend below the main simple moving averages (SMAs). The Greenback is on the back foot after worse-than-expected ISM PMI data from the United States this week.

USD/JPY four-hour chart

USD/JPY is under pressure below the 107.00 figure and the 200 SMA. A break below the 106.50 support can expose the 106.00 handle to the downside, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

The USD/JPY currency pair is under pressure below the main SMAs, suggesting a bearish bias in the near term. Immediate resistances are seen at the 107.00 and 107.40 price levels, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	106.81
Today Daily Change	-0.36
Today Daily Change %	-0.34
Today daily open	107.17

Trends
Daily SMA20	107.7
Daily SMA50	107.06
Daily SMA100	107.77
Daily SMA200	109.14

Levels
Previous Daily High	107.9
Previous Daily Low	107.04
Previous Weekly High	108.18
Previous Weekly Low	106.96
Previous Monthly High	108.48
Previous Monthly Low	105.74
Daily Fibonacci 38.2%	107.37
Daily Fibonacci 61.8%	107.57
Daily Pivot Point S1	106.85
Daily Pivot Point S2	106.52
Daily Pivot Point S3	106
Daily Pivot Point R1	107.7
Daily Pivot Point R2	108.22
Daily Pivot Point R3	108.55

Author

Flavio Tosti

Independent Analyst

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