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.

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


Today last price 106.81
Today Daily Change -0.36
Today Daily Change % -0.34
Today daily open 107.17
Daily SMA20 107.7
Daily SMA50 107.06
Daily SMA100 107.77
Daily SMA200 109.14
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



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Editors’ Picks

EUR/USD pressured around 1.13 after jump in US jobs

EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.


GBP/USD retreats from highs

GBP/USD is trading below 1.27, off the highs. The pound is struggling after Chief EU Negotiator Barnier reported little progress in Brexit talks. Robust US jobs support the dollar.


Gold sees weekly closing below $1700 - a caution for bulls

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in three weeks at 1688.35. A weekly closing below the key 1700 level is unlikely to bode well for the bulls.

Gold News

Institutional demand exceeds Bitcoins supply

Greyscale floods the market with fresh money to satisfy the demand of its clients. Investors, willing to pay a 29% surcharge for exposure to Bitcoin without suffering the legal and operational inconveniences. Market remains at risk on the verge of new bullish territory.

Read more

WTI rallies above $39 as focus shifts to OPEC+ meeting

Crude oil prices built on Thursday's modest gains and rose sharply on Friday boosted by the upbeat market mood optimism surrounding Saturday's OPEC+ meeting. 

Oil News