USD/JPY Technical Analysis: The 109.00 handle is still on the bulls' radar

  • USD/JPY is ending the week sidelined above the 108.50 level.
  • The level to beat for bulls is the 108.73 resistance.

USD/JPY daily chart

USD/JPY is holding above the 108.00 handle and the 50-day simple moving average (DMA) on the daily chart. In the last 2.5 months, the market has been gradually appreciating.

USD/JPY four-hour chart

USD/JPY is trading above the 108.50 support level near the 200 SMA. A break above the 108.73 level can drive the market towards the 108.94/109.05 resistance zone, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trapped in a range near flat SMAs on the 30-minute chart. Support is seen at the 108.50 and 108.27 levels, according to the Technical Confluences Indicator.

Additional key levels


Today last price 108.58
Today Daily Change -0.04
Today Daily Change % -0.04
Today daily open 108.62
Daily SMA20 108.76
Daily SMA50 108.28
Daily SMA100 107.72
Daily SMA200 108.97
Previous Daily High 108.7
Previous Daily Low 108.28
Previous Weekly High 109.3
Previous Weekly Low 108.23
Previous Monthly High 109.29
Previous Monthly Low 106.48
Daily Fibonacci 38.2% 108.54
Daily Fibonacci 61.8% 108.44
Daily Pivot Point S1 108.37
Daily Pivot Point S2 108.11
Daily Pivot Point S3 107.94
Daily Pivot Point R1 108.79
Daily Pivot Point R2 108.96
Daily Pivot Point R3 109.21



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