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