USD/JPY technical analysis: The Greenback might be heading towards the 110.00 handle


  • USD/JPY is challenging the 109.00 handle and the 200 DMA. 
  • The level to beat for buyers is the 109.29 resistance.
 
 

USD/JPY daily chart

 
USD/JPY is challenging the 109.00 handle and the 200-day simple moving average (SMA) on the daily chart. In both September and October, the market has been consistently gaining strength.  
 

USD/JPY four-hour chart

 
USD/JPY is trading above its main SMAs on the four-hour chart, suggesting a bullish momentum in the medium term. Bulls want to overcome the 109.29 resistance to extend the bullish leg towards the 109.85 and 110.20 price levels, according to the Technical Confluences Indicator. 
 

USD/JPY 30-minute chart

 
USD/JPY is trading above the upward sloping 100 and 200 SMA, suggesting a bullish bias in the near term. Support is seen at the 109.00 figure followed by the 108.55 and 108.27 levels, according to the Technical Confluences Indicator. 
 

Additional key levels

USD/JPY

Overview
Today last price 109.02
Today Daily Change -0.16
Today Daily Change % -0.15
Today daily open 109.18
 
Trends
Daily SMA20 108.53
Daily SMA50 107.81
Daily SMA100 107.59
Daily SMA200 109.03
 
Levels
Previous Daily High 109.26
Previous Daily Low 108.5
Previous Weekly High 109.29
Previous Weekly Low 107.89
Previous Monthly High 109.29
Previous Monthly Low 106.48
Daily Fibonacci 38.2% 108.97
Daily Fibonacci 61.8% 108.79
Daily Pivot Point S1 108.7
Daily Pivot Point S2 108.22
Daily Pivot Point S3 107.94
Daily Pivot Point R1 109.46
Daily Pivot Point R2 109.74
Daily Pivot Point R3 110.22

 

 

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