Home USD/JPY technical analysis: Dollar attempting a come back above 108.00 figure
FXStreet News

USD/JPY technical analysis: Dollar attempting a come back above 108.00 figure

FX Street
Published date:
  • USD/JPY found some support above the 108.00 support.
  • USD/JPY would need a break above 108.50 to give extra confirmation that bulls are back.

USD/JPY daily chart

USD/JPY is trading in a bear leg below its main daily simple moving averages (DSMAs).

USD/JPY 4-hour chart

USD/JPY is under pressure below its main SMAs. The market is consolidating the recent losses above 108.00.


USD/JPY 30-minute chart

Bulls are attempting a recovery above 108.00 and the 50/100 SMAs. A break above 108.50 is needed to reach 108.80 to the upside. Support is at 108.00, 107.80 and 107.30.


Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026