USD/JPY technical analysis: Greenback slows down near 108.55 resistance against Yen


  • USD/JPY is trapped in a tight 50-pip range since Monday. 
  • 108.55 seems to offer some short-term resistance.

USD/JPY daily chart 

USD/JPY is trading in a bear leg below the main daily simple moving averages (DSMAs). 

USD/JPY 4-hour chart


USD/JPY is consolidating above the 108.00 handle and the 50 SMA.

USD/JPY 30-minute chart

USD/JPY is trading in a range between 108.20 and 108.70. The market seems to have found decent resistance at 108.55. The next supports to the downside are seen at 108.40 and 108.20. A break above 108.55 can lead to 108.70. 


Additional key levels

USD/JPY

Overview
Today last price 108.48
Today Daily Change -0.03
Today Daily Change % -0.03
Today daily open 108.51
 
Trends
Daily SMA20 109.14
Daily SMA50 110.38
Daily SMA100 110.52
Daily SMA200 111.26
Levels
Previous Daily High 108.58
Previous Daily Low 108.22
Previous Weekly High 108.62
Previous Weekly Low 107.81
Previous Monthly High 111.71
Previous Monthly Low 108.23
Daily Fibonacci 38.2% 108.36
Daily Fibonacci 61.8% 108.44
Daily Pivot Point S1 108.29
Daily Pivot Point S2 108.07
Daily Pivot Point S3 107.92
Daily Pivot Point R1 108.66
Daily Pivot Point R2 108.81
Daily Pivot Point R3 109.03

 

 

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