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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD mute just above 1.1200, waiting for a signal

The EUR/USD pair is stable and confined to a tight intraday range, unable to run, despite upbeat EU inflation and disappointing US housing figures. Dismal market’s mood backing the greenback without boosting it.

EUR/USD News

GBP/USD bounced from fresh yearly lows at 1.2381

Sterling remains depressed amid Brexit jitters pushing investors away from the currency. UK data did not help as inflation met the market’s expectations in June.

GBP/USD News

USD/JPY consolidates in a range, comfortably above 108.00 handle

Reviving safe-haven demand underpins JPY and exerts some pressure. Renewed weakness in the US bond yields further weighed on the USD. The downside remains limited amid tempered Fed rate cut expectations.

USD/JPY News

Gold: Yellow metal gets intraday boost above the 1,400.00 figure

Gold is spiking up and nearing 1,414.00 and 1,420.00 resistances.The main support is now seen at the 1,400.00 figure.

Gold News

Forex Today: US dollar corrects, US-Japan eye a trade deal, and Bitcoin bounces

US dollar reverses a part of Tuesday’s US retail sales data-led rally. US-Japan are working towards a trade deal by September. Bitcoin recovers, but remains below the 10k mark.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •