USD/JPY technical analysis: Greenback near daily highs battling with the 108.00 figure

USD/JPY is refreshing daily highs established earlier in the Asian session.
The level to beat for bulls are at 108.05 and 108.26.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is attempting to find some footing near 108.00 as the market is trading below the main daily simple moving average (DSMA).

USD/JPY 4-hour chart

USD/JPY found support above 107.50 as the market is trying to recapture the 108.00 handle. Bulls need to break above 108.05 and shortly after they need to contend with the 100/200 SMAs. Further up bulls can target 108.26, 108.56 and 108.85, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is currently having difficulties to move beyond 108.05 and the 100/200 SMAs. Support is seen at 107.83 and 107.50 according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.96
Today Daily Change	0.01
Today Daily Change %	0.01
Today daily open	107.95

Trends
Daily SMA20	107.98
Daily SMA50	108.65
Daily SMA100	110
Daily SMA200	110.7

Levels
Previous Daily High	108.33
Previous Daily Low	107.94
Previous Weekly High	109
Previous Weekly Low	107.8
Previous Monthly High	108.8
Previous Monthly Low	106.78
Daily Fibonacci 38.2%	108.09
Daily Fibonacci 61.8%	108.18
Daily Pivot Point S1	107.81
Daily Pivot Point S2	107.68
Daily Pivot Point S3	107.42
Daily Pivot Point R1	108.21
Daily Pivot Point R2	108.46
Daily Pivot Point R3	108.6

Author

Flavio Tosti

Independent Analyst

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