Home USD/JPY Technical Analysis: The 109.00 handle is still on the bulls’ radar
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USD/JPY Technical Analysis: The 109.00 handle is still on the bulls’ radar

FX Street
Updated:
  • USD/JPY is ending the week sidelined above the 108.50 level.
  • The level to beat for bulls is the 108.73 resistance.
 

USD/JPY daily chart

 
USD/JPY is holding above the 108.00 handle and the 50-day simple moving average (DMA) on the daily chart. In the last 2.5 months, the market has been gradually appreciating.
 
 

USD/JPY four-hour chart

 
USD/JPY is trading above the 108.50 support level near the 200 SMA. A break above the 108.73 level can drive the market towards the 108.94/109.05 resistance zone, according to the Technical Confluences Indicator.
   

USD/JPY 30-minute chart

 
USD/JPY is trapped in a range near flat SMAs on the 30-minute chart. Support is seen at the 108.50 and 108.27 levels, according to the Technical Confluences Indicator.
   

Additional key levels

 

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