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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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