USD/JPY technical analysis: Greenback challenges daily highs against Yen, trading above the 106.00 handle


  • USD/JPY starts the week by erasing most of last Friday’s selloff. 

  • The levels to beat for bulls are at the 106.30 and 106.55 resistances.

 

USD/JPY daily chart

 
 
USD/JPY is erasing most of Friday’s drop while trading below its main daily simple moving averages (DSMAs). The market is trading back above the 106.00 handle as the bear trend is on hold. 
 

USD/JPY 4-hour chart

 
USD/JPY bouncing up sharply just above the 50/100 SMAs. Bulls are looking to trade above 106.30 resistance to reach 106.55, 106.77 and 107.07 according to the Technical Confluences Indicator.
 
 

USD/JPY 30-minute chart

 
Dollar/Yen is challenging the 106.30 level and 200 SMA, suggesting bullish momentum in the near term. Immediate support is seen at 106.12, 105.92 and 105.70 according to the Technical Confluences Indicator. 
 
 

Additional key levels

USD/JPY

Overview
Today last price 106.22
Today Daily Change 0.84
Today Daily Change % 0.80
Today daily open 105.38
 
Trends
Daily SMA20 106.61
Daily SMA50 107.47
Daily SMA100 108.86
Daily SMA200 109.9
Levels
Previous Daily High 106.74
Previous Daily Low 105.26
Previous Weekly High 106.74
Previous Weekly Low 105.26
Previous Monthly High 109.01
Previous Monthly Low 107.21
Daily Fibonacci 38.2% 105.82
Daily Fibonacci 61.8% 106.17
Daily Pivot Point S1 104.85
Daily Pivot Point S2 104.31
Daily Pivot Point S3 103.36
Daily Pivot Point R1 106.33
Daily Pivot Point R2 107.27
Daily Pivot Point R3 107.81

 

 

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