Home USD/JPY technical analysis: Greenback is about to enter the Asian session above 107.83 against Yen
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USD/JPY technical analysis: Greenback is about to enter the Asian session above 107.83 against Yen

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Published date:
  • USD/JPY is  rebounding from the monthly lows as buyers  are challenging the 108.00 figure.
  • The levels to beat for bulls  are seen at 108.03 and the 108.27  resistance level.

 

USD/JPY daily chart

 

USD/JPY is up  small this Monday  as the market is trading below the main SMAs. Spot is trading just below the 108.00 figure.

 

USD/JPY 4-hour chart

 

 

USD/JPY is ranging  below the main SMAs as the market is off  the monthly lows. Sellers  want to break below 107.83  resiatnce  to reach 107.20 on the way down, according to the Technical Confluences Indicator.

 

USD/JPY 30-minute chart

 

 

USD/JPY is trading jsut above its main SMAs suggesting bullish momentum in the near term. Buyers  need to break above  108.03 to travel towards 108.27 resistance.

 

Additional key levels

 

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