USD/JPY technical analysis: The greenback is under pressure against the Japanese Yen


  • USD/JPY is under bearish pressure below the 107.10 resistance.
  • The level to beat for bears is the 106.70 level. 

USD/JPY daily chart 

USD/JPY is in a bear trend below its main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which is seen as bearish. 


USD/JPY 4-hour chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium term. The market is finding some support near 107.00.

USD/JPY 30-minute chart

A break above 107.10 could open the doors to 107.50/70 resistance according to the Technical Confluences Indicator. On the flip side, a break below 106.70 on a daily closing basis can see the main bear trend resuming and open the doors for a bigger drop to the 106.00 figure.


Additional key levels

USD/JPY

Overview
Today last price 107.02
Today Daily Change -0.28
Today Daily Change % -0.26
Today daily open 107.3
 
Trends
Daily SMA20 108.38
Daily SMA50 109.81
Daily SMA100 110.41
Daily SMA200 111.13
Levels
Previous Daily High 107.54
Previous Daily Low 107.24
Previous Weekly High 108.73
Previous Weekly Low 107.04
Previous Monthly High 111.71
Previous Monthly Low 108.23
Daily Fibonacci 38.2% 107.36
Daily Fibonacci 61.8% 107.43
Daily Pivot Point S1 107.18
Daily Pivot Point S2 107.07
Daily Pivot Point S3 106.89
Daily Pivot Point R1 107.48
Daily Pivot Point R2 107.65
Daily Pivot Point R3 107.77

 

 

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