USD/JPY Technical Analysis: US Dollar bulls defend the 108.50 level


USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.

USD/JPY 4-hour chart

  • USD/JPY is trading below the 50 and 200 SMA suggesting bearish momentum in the medium-term. 

USD/JPY 30-minute chart

  • USD/JPY exceeded the 108.70 target as bears drove the market as low as 108.50 this Thursday.
  • To the upside, Greenback bulls can reach 109.20 as long as 108.50 support holds.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 108.66
    Today Daily change: -29 pips
    Today Daily change %: -0.27%
    Today Daily Open: 108.95
Trends:
    Daily SMA20: 108.94
    Daily SMA50: 110.93
    Daily SMA100: 111.92
    Daily SMA200: 111.26
Levels:
    Previous Daily High: 109.74
    Previous Daily Low: 108.81
    Previous Weekly High: 110
    Previous Weekly Low: 109.14
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Daily Fibonacci 38.2%: 109.17
    Daily Fibonacci 61.8%: 109.39
    Daily Pivot Point S1: 108.59
    Daily Pivot Point S2: 108.23
    Daily Pivot Point S3: 107.65
    Daily Pivot Point R1: 109.53
    Daily Pivot Point R2: 110.11
    Daily Pivot Point R3: 110.47

 

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