USD/JPY Technical Analysis: US GDP boosts greenback against yen

USD/JPY is nearing the November highs while trading above the 109.00 handle.
Breaking: US GDP, durables beat expectations, USD/JPY hits new highs.

Flavio Tosti Independent Analyst

USD/JPY daily chart

Dollar/Yen is trading above the 109.00 handle and the 200-day simple moving average (DMA) on the daily time frame. The market is nearing the November highs. Breaking: US GDP, durables beat expectations, USD/JPY hits new highs.

USD/JPY four-hour chart

The spot is trending up as the bulls might be headed toward the 109.46 level and the 109.92/110.00 resistance zone, according to the Technical Confluences Indicator.

USD/JPY 30-minute chart

USD/JPY is trading above the main SMAs on the 30-minute chart suggesting bullish momentum. Support is seen at the 109.01 level, the 108.66/78 price zone and the 108.33 level, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	109.24
Today Daily Change	0.20
Today Daily Change %	0.18
Today daily open	109.04

Trends
Daily SMA20	108.77
Daily SMA50	108.33
Daily SMA100	107.73
Daily SMA200	108.94

Levels
Previous Daily High	109.21
Previous Daily Low	108.87
Previous Weekly High	109.08
Previous Weekly Low	108.28
Previous Monthly High	109.29
Previous Monthly Low	106.48
Daily Fibonacci 38.2%	109.08
Daily Fibonacci 61.8%	109
Daily Pivot Point S1	108.87
Daily Pivot Point S2	108.7
Daily Pivot Point S3	108.53
Daily Pivot Point R1	109.21
Daily Pivot Point R2	109.38
Daily Pivot Point R3	109.55

Author

Flavio Tosti

Independent Analyst

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