USD/JPY technical analysis: Greenback rebounds and hits 3-day high near 107.75

USD/JPY is having a bonce above the 107.00 handle.
The level to beat for bulls is at 107.45.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is in a bear trend below its main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which is seen as a bearish clue.

USD/JPY 4-hour chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium term. Support is at 107.50, 107.10 and 106.70 according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading above the 107.50 mark and its main SMAs suggesting bullish momentum in the near term. A break above 107.75 could open the gates to 108.10 resistance according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.62
Today Daily Change	0.44
Today Daily Change %	0.41
Today daily open	107.18

Trends
Daily SMA20	108.27
Daily SMA50	109.71
Daily SMA100	110.38
Daily SMA200	111.1

Levels
Previous Daily High	107.41
Previous Daily Low	106.78
Previous Weekly High	108.73
Previous Weekly Low	107.04
Previous Monthly High	111.71
Previous Monthly Low	108.23
Daily Fibonacci 38.2%	107.02
Daily Fibonacci 61.8%	107.17
Daily Pivot Point S1	106.84
Daily Pivot Point S2	106.49
Daily Pivot Point S3	106.2
Daily Pivot Point R1	107.47
Daily Pivot Point R2	107.76
Daily Pivot Point R3	108.11

Author

Flavio Tosti

Independent Analyst

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