OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY Technical Analysis: Greenback bulls keep the market above the 108.00 figure

USD/JPY daily chart

  • USD/JPY is in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
  • Bulls are keeping the market above the 108.00 figure despite bearish pressure. 

USD/JPY 4-hour chart

  • The 50 SMA is acting as dynamic resistance. 

USD/JPY 30-minute chart

  • USD/JPY is trading in a tight range. 
  • Bulls will most likely try to reconquer the 108.50 level to the upside in the short-term. 
  • Support lies at the 107.80 level.

Additional key levels


    Today Last Price: 108.2
    Today Daily change: -35 pips
    Today Daily change %: -0.322%
    Today Daily Open: 108.55
    Previous Daily SMA20: 110.03
    Previous Daily SMA50: 112
    Previous Daily SMA100: 112.17
    Previous Daily SMA200: 111.14
    Previous Daily High: 108.6
    Previous Daily Low: 108.14
    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%: 108.43
    Previous Daily Fibonacci 61.8%: 108.32
    Previous Daily Pivot Point S1: 108.26
    Previous Daily Pivot Point S2: 107.97
    Previous Daily Pivot Point S3: 107.8
    Previous Daily Pivot Point R1: 108.72
    Previous Daily Pivot Point R2: 108.89
    Previous Daily Pivot Point R3: 109.18


NY Fed: Median inflation expectations at the one-year horizon remained unchanged at 3.0%

"Median inflation expectations at the one-year horizon remained unchanged at 3.0%, while they increased by 0.1 percentage points at the three-year hor
Read more Previous

We retain a constructive medium-term view on sterling - ING

"Our base case that 'no deal' will be avoided and that there will be some form of resolution by year-end (either a renegotiated deal or a second refer
Read more Next
Start livechat