USD/JPY technical analysis: Greenback stable against the Yen, enters the Asian session near the 106.00 handle


  • The demand for Yen as a safe-haven currency has been weak in the last two days. 
  • The levels to beat for bulls are at the 106.12 and 106.30 resistances.
 

USD/JPY daily chart

 
 
USD/JPY is trading near multi-month lows while below the main daily simple moving averages (DSMAs). The market is trading just above the 106.00 handle. Trade war news is the primary driver of the USD/JPY currency pair.
 

USD/JPY 4-hour chart

 
USD/JPY made no significant progress this Thursday as it sits just above its 50 SMA. The bears would need to break below 105.92 to reach 105.68 and 105.30, according to the Technical Confluences Indicator
 
 

USD/JPY 30-minute chart

 
Dollar/Yen is trading above the 200 SMA as the market is consolidating the Tuesday bullish move. There could be upside momentum on Friday or next week. However, bulls have several layers of resistances to break at 106.12, 106.30, 106.55 and 106.77 levels, according to the Technical Confluences Indicator. 
 
 
 
 

Additional key levels

USD/JPY

Overview
Today last price 106
Today Daily Change 0.09
Today Daily Change % 0.08
Today daily open 105.91
 
Trends
Daily SMA20 107.26
Daily SMA50 107.78
Daily SMA100 109.21
Daily SMA200 110.16
Levels
Previous Daily High 106.77
Previous Daily Low 105.65
Previous Weekly High 107.09
Previous Weekly Low 105.26
Previous Monthly High 109.01
Previous Monthly Low 107.21
Daily Fibonacci 38.2% 106.08
Daily Fibonacci 61.8% 106.34
Daily Pivot Point S1 105.45
Daily Pivot Point S2 104.99
Daily Pivot Point S3 104.33
Daily Pivot Point R1 106.57
Daily Pivot Point R2 107.23
Daily Pivot Point R3 107.69

 

 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD flirts with 1.1100 as the dollar loses steam

The EUR/USD pair bounced from a daily low of 1.1065, as demand for the greenback receded during US trading hours. Upside caped for the shared currency amid fears of a German recession, Italian political turmoil.

EUR/USD News

GBP/USD losses upside momentum at the start of the key day

While optimism surrounding soft Brexit helped the GBP/USD pair to rise on the previous day, the Cable retraces to 1.2165 amid initial Wednesday morning in Asia. The UK PM’s visit to Germany will be closely observed.

GBP/USD News

USD/JPY: Dollar's progress stalls on softer US yields and weakness in stocks

The USD/JPY snapped a three-day winning streak on Tuesday with a bearish engulfing candle, as the US treasury yields fell. Notably, the US two-year Treasury yields dropped from 1.52% to 1.49% on Tuesday and the benchmark 10-year yield from 1.59% to 1.55%.

USD/JPY News

Gold: Bulls cheer pullback from 10-day EMA

Following its successful bounce off 10-day exponential moving average (EMA), Gold takes the bids to $1507 during the early Asian session on Wednesday. The yellow metal now heads to Friday’s high around $1528 ahead of questioning the monthly top surrounding $1535.

Gold News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Planning the next bullish move after consolidating gains

Trading cryptos is not a one-way street – meteoric unstoppable gains belong to the past. Nevertheless, the bullish sentiment seems to prevail. Digital coins advanced on Monday and are consolidating on Tuesday. 

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •