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

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

FX Street
Updated:
  • 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

 

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024