Home USD/JPY technical analysis: Greenback holding above the 107.00 handle against the Yen
FXStreet News

USD/JPY technical analysis: Greenback holding above the 107.00 handle against the Yen

FX Street
Updated:
  • USD/JPY holds on to modest intraday gains this Monday.
  • The levels to beat for bulls is the 170.25 resistance, according to the Technical Confluences Indicator.
 
 

USD/JPY daily chart

 
 
USD/JPY is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is testing the 107.00 figure and the 50 SMA on the daily time-frame.  
 
 

USD/JPY 4-hour chart

 
 
USD/JPY is trading above the main SMAs, suggesting bullish momentum in the medium term. Bulls’s objective is to break beyond 107.25 resistance on a daily closing basis. Further up resistances are seen at 107.53 and 108.20 price levels, according to the Technical Confluences Indicator.  
 
   
 
 

USD/JPY 30-minute chart

 
 
Dollar/Yen is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at 106.62. However, a daily close below that level would be seen as negative for USD/JPY. Further down lies 106.40 support, according to the Technical Confluences Indicator.  
 
 

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