USD/JPY Technical Analysis: Greenback trading below 109.50 against the Japanese Yen

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.

USD/JPY 4-hour chart

USD/JPY is trading below the 50 and 200 SMAs suggesting bearish momentum in the medium-term.

USD/JPY 30-minute chart

USD/JPY bears rejected the 109.50 level and the 200 SMA as the market is now back near 109.40 key level.
Bears should continue to stay in charge with targets to the downside near 109.10 and 108.95.
Resistances are seen at the 109.40/50 and 109.70 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 109.36
    Today Daily change: -2 pips
    Today Daily change %: -0.02%
    Today Daily Open: 109.38
Trends:
    Daily SMA20: 108.97
    Daily SMA50: 111.08
    Daily SMA100: 111.96
    Daily SMA200: 111.26
Levels:
    Previous Daily High: 109.59
    Previous Daily Low: 109.16
    Previous Weekly High: 110
    Previous Weekly Low: 109.14
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Daily Fibonacci 38.2%: 109.32
    Daily Fibonacci 61.8%: 109.43
    Daily Pivot Point S1: 109.16
    Daily Pivot Point S2: 108.95
    Daily Pivot Point S3: 108.73
    Daily Pivot Point R1: 109.59
    Daily Pivot Point R2: 109.8
    Daily Pivot Point R3: 110.02

Author

Flavio Tosti

Independent Analyst

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