USD/JPY technical analysis: Greenback gaining ground against Yen above the 108.00 handle

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  • USD/JPY is bouncing from the monthly lows as buyers broke above the 108.00 figure.
  • The levels to beat for bulls are seen at 108.27 and the 108.41 resistances.
     

USD/JPY daily chart
 

USD/JPY is up for the third consecutive day but still trading below the main daily simple moving averages (DSMAs). Spot is trading above the 108.00 figure. 


USD/JPY 4-hour chart

 
USD/JPY is attempting to break above 108.27 resistance zone and its main SMAs. A break above the level can lead to 108.41 and 108.86 resistances. 
usd/jpy

USD/JPY 30-minute chart

 
USD/JPY is trading above its main SMAs suggesting bullish momentum in the near term. Immediate support is seen at the 108.03 and 107.83 levels.

Additional key levels

 

 

 

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