Home USD/JPY technical analysis: Greenback ends the week below the 108.50 level
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USD/JPY technical analysis: Greenback ends the week below the 108.50 level

FX Street
Updated:
  • This week USD/JPY  consolidated  the October bull run.  
  • The level to beat for bears is the 108.16 support.  
 

USD/JPY daily chart

 
 
USD/JPY is trading in a bear trend below its 200-day simple moving average (DSMA). The spot is currently retracing down after the October bull run.  
 

USD/JPY four-hour chart

 
 
USD/JPY is above the main SMAs on the four-hour chart, suggesting a positive momentum in the medium term. The level to beat for buyers is the 108.56 resistance followed by the 108.90 level, according to the Technical Confluences Indicator.  

USD/JPY 30-minute chart

 
 
USD/JPY is trading below its primary SMAs, suggesting a bearish bias in the near term. Next week, the sellers might target the support levels at 108.16 and 107.70, according to the Technical Confluences Indicator.  
 

Additional key levels

 

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