Home USD/JPY Technical Analysis: Bulls testing 108.50 resistance as DXY surges across the board
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USD/JPY Technical Analysis: Bulls testing 108.50 resistance as DXY surges across the board

USD/JPY daily chart

  • USD/JPY is in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
  • USD/JPY is trading more than 300-pips up following  the flash crash last week.
  • Earlier this Friday, the US CPI (Consumer Producer Index) matched analysts forecasts at 2.2% for December y/y.  

USD/JPY 4-hour chart

  • USD/JPY bulls are challenging the 50 SMA as the Greenback is having a boost across the board.

USD/JPY 30-minute chart

  • Bulls are gaining ground as they reclaimed the 50 and 100 SMA and are now challenging the 108.50 resistance.  
  • A break of the level would open the doors to further gains and a potential run to 109.00 resistance.

Additional key levels

USD/JPY

Overview:
       Today Last Price:  108.43
       Today Daily change:  -5.0  pips
       Today Daily change %:  -0.0461%
       Today Daily Open:  108.48
Trends:
       Previous Daily SMA20:  110.27
       Previous Daily SMA50:  112.09
       Previous Daily SMA100:  112.2
       Previous Daily SMA200:  111.13
Levels:
       Previous Daily High:  108.5
       Previous Daily Low:  107.77
       Previous Weekly High:  110.48
       Previous Weekly Low:  104.75
       Previous Monthly High:  113.83
       Previous Monthly Low:  109.55
       Previous Daily Fibonacci 38.2%:  108.22
       Previous Daily Fibonacci 61.8%:  108.05
       Previous Daily Pivot Point S1:  108
       Previous Daily Pivot Point S2:  107.52
       Previous Daily Pivot Point S3:  107.28
       Previous Daily Pivot Point R1:  108.73
       Previous Daily Pivot Point R2:  108.97
       Previous Daily Pivot Point R3:  109.45

 

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