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