USD/JPY Technical Analysis: Greenback bulls break to fresh daily highs towards 109.90 level

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.

USD/JPY 4-hour chart

  • USD/JPY is testing the 200 SMA. 

USD/JPY 30-minute chart

  • USD/JPY bulls reclaimed the main SMAs and are challenging the 109.70 resistance. A break of the level could open the doors to the 109.90 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 109.7
    Today Daily change: 35 pips
    Today Daily change %: 0.32%
    Today Daily Open: 109.35
Trends:
    Daily SMA20: 108.95
    Daily SMA50: 111.01
    Daily SMA100: 111.94
    Daily SMA200: 111.26
Levels:
    Previous Daily High: 109.55
    Previous Daily Low: 109.13
    Previous Weekly High: 110
    Previous Weekly Low: 109.14
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Daily Fibonacci 38.2%: 109.29
    Daily Fibonacci 61.8%: 109.39
    Daily Pivot Point S1: 109.14
    Daily Pivot Point S2: 108.92
    Daily Pivot Point S3: 108.72
    Daily Pivot Point R1: 109.55
    Daily Pivot Point R2: 109.76
    Daily Pivot Point R3: 109.97

 

USD/JPY leaps above 109.70 on strong USD, improved sentiment

After moving sideways in a tight consolidation channel above the 109 handle during the first half of the day, the USD/JPY rose sharply in the last hou
Read more Previous

Wall Street posts strong gains in early trade led by technology

Major equity indexes in the United States opened sharply higher on Wednesday as the upbeat earnings reports from Apple and Boeing boosted the market s
Read more Next