USD/JPY technical analysis: Greenback undecided where to go next after Thursday’s drop

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is consolidating the losses seen this Thursday as the greenback is on the back foot across the board.

USD/JPY 4-hour chart

USD/JPY is trading below its main simple moving averages (SMAs).

USD/JPY 30-minute chart

The market is in a tight range and it can essentially break in either direction. Bulls want to break above 109.75 to reach 110.05 level and 110.30 while bears need to overcome 109.50 support to travel south towards 109.30 and 109.00 the figure.

Additional key levels

USD/JPY

Overview
Today last price	109.64
Today Daily Change	0.04
Today Daily Change %	0.04
Today daily open	109.6

Trends
Daily SMA20	110.42
Daily SMA50	110.98
Daily SMA100	110.54
Daily SMA200	111.42

Levels
Previous Daily High	110.37
Previous Daily Low	109.46
Previous Weekly High	110.2
Previous Weekly Low	109.02
Previous Monthly High	112.4
Previous Monthly Low	110.8
Daily Fibonacci 38.2%	109.8
Daily Fibonacci 61.8%	110.02
Daily Pivot Point S1	109.25
Daily Pivot Point S2	108.9
Daily Pivot Point S3	108.34
Daily Pivot Point R1	110.16
Daily Pivot Point R2	110.72
Daily Pivot Point R3	111.07

Author

Flavio Tosti

Independent Analyst

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