Home USD/JPY technical analysis: Greenback on the rise against Yen, above 108.41 support
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USD/JPY technical analysis: Greenback on the rise against Yen, above 108.41 support

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  • USD/JPY is gaining steam as the market challenges the 50 DSMA.
  • The next main resistance to the upside is seen at the 108.86 level.  
 

USD/JPY daily chart

 
 
USD/JPY is challenging the 108.50 level and the 50-day simple moving average (DSMA), as US bond yields are creeping up.  
 

USD/JPY 4-hour chart

 
USD/JPY broke above 108.41 resistance, opening the doors to further gains towards the 108.86 level, according to the Technical Confluences Indicator.
 
 

USD/JPY 30-minute chart

 
USD/JPY is trading above the main SMAs suggesting a bullish bias in the near term. Immediate supports can be seen at the 108.41 and the 108.03 levels, according to the Technical Confluences Indicator  
 
 

Additional key levels

 

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