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USD/JPY Technical Analysis: Mission Accomplished as bulls hit the 108.50 level

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
  • Bulls are keeping the market afloat above the 108.00 figure despite relentless bearish incursions.
  • As forecast, the 108.50 level got hit.

USD/JPY 4-hour chart

  • Bulls are regaining the 50 SMA. 

USD/JPY 30-minute chart

  • USD/JPY is set to remain trapped in the current range in the near-term. 
  • The 109.00 figure is still on the cards for the bulls.
  • Support lies at the 107.80 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 108.54
    Today Daily change: 34 pips
    Today Daily change %: 0.314%
    Today Daily Open: 108.2
Trends:
    Previous Daily SMA20: 109.8
    Previous Daily SMA50: 111.9
    Previous Daily SMA100: 112.14
    Previous Daily SMA200: 111.15
Levels:
    Previous Daily High: 108.56
    Previous Daily Low: 107.99
    Previous Weekly High: 109.09
    Previous Weekly Low: 107.77
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 108.21
    Previous Daily Fibonacci 61.8%: 108.34
    Previous Daily Pivot Point S1: 107.94
    Previous Daily Pivot Point S2: 107.67
    Previous Daily Pivot Point S3: 107.36
    Previous Daily Pivot Point R1: 108.52
    Previous Daily Pivot Point R2: 108.83
    Previous Daily Pivot Point R3: 109.09

 

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