USD/JPY technical analysis: Greenback reverses daily losses and challenges 108.60 resistance

  • USD/JPY reversed its intraday losses and bounced above the 108.00 figure. 
  • 108.60 is the level to beat for bulls. 

USD/JPY daily chart

USD/JPY is trading in a bull leg below the main daily simple moving average (DSMA). The market is rebounding from the 108.00 figure. 

USD/JPY 4-hour chart

The market is trading above its main SMAs suggesting bullish momentum. Bulls need to break above 108.60 to reach 108.90 on the way up, according to the Technical Confluences Indicator

USD/JPY 30-minute chart

USD/JPY is trading between the 50 and 100 SMAs suggesting a consolidation in the near term. 
Immediate support can be seen at 108.28 and 107.85, according to the Technical Confluences Indicator. 

Additional key levels


Today last price 108.49
Today Daily Change 0.03
Today Daily Change % 0.03
Today daily open 108.46
Daily SMA20 108.09
Daily SMA50 109.54
Daily SMA100 110.34
Daily SMA200 111.05
Previous Daily High 109
Previous Daily Low 108.34
Previous Weekly High 108.64
Previous Weekly Low 107.53
Previous Monthly High 108.8
Previous Monthly Low 106.78
Daily Fibonacci 38.2% 108.59
Daily Fibonacci 61.8% 108.75
Daily Pivot Point S1 108.21
Daily Pivot Point S2 107.95
Daily Pivot Point S3 107.56
Daily Pivot Point R1 108.86
Daily Pivot Point R2 109.25
Daily Pivot Point R3 109.51



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