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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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