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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD loses 1.1800 amid escalaing US-Sino tensions

EUR/USD dips sub-18 after the US reported an increase of 1.763 million jobs in July, better than estimated but pointing to a deceleration. Escalating Sino-American tensions are boosting the dollar and fiscal talks are eyed. 

EUR/USD News

GBP/USD resumes decline, weighed by UK concerns, US-China conflict

GBP/USD trades at fresh weekly lows below 1.3050 as the dollar got a sudden boost from mounting tensions between the world's two largest economies. UK Chancellor Rishi Sunak said the furlough scheme that is underpinning the economy cannot last forever.

GBP/USD News

XAU/USD drops $50 from record highs to the $2020 area

Gold prices are falling sharply on Friday, trading below $2040/oz at the moment. Earlier on Friday, the yellow metal reached at $2075, a new record high.

Gold News

Bitcoin may extend the recovery once Gold resumes the rally

Gold retreated from the recent highs, but the sentiments are still bullish. Cryptocurrencies resumed the upside, some altcoins are demonstrating strong gains. ETH/BTC stopped the downside correction and settled at $0.03300.

Read more

WTI extends slide toward $41, on track to post weekly gains

Crude oil prices continued to fall on Friday and the barrel of West Texas Intermediate (WTI) touched a daily low of $41.05 before recovering modestly.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures