USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

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  • USD/JPY is pinning into Friday highs in early trading, clipping 108.40 as the Greenback recovers against the safe haven Yen.

USD/JPY, 5-Minute


	USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

  • Despite Friday's continued recovery from Thursday's risk-off plunge, the Dollar-Yen pairing remains firmly bearish in the near-term, holding below key levels with declining resistance from the 200-period moving average near 109.20.

USD/JPY, 30-Minute


	USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

  • In the medium-term, USD/JPY has lifted past the 38.2% Fibo level, and now sits ready for a run into the 61.8% Fibo level at 110.26, a confluence level with the pair's last swing low.

USD/JPY, 4-Hour


	USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

USD/JPY

Overview:
    Today Last Price: 108.39
    Today Daily change: 87 pips
    Today Daily change %: 0.809%
    Today Daily Open: 107.52
Trends:
    Previous Daily SMA20: 111.45
    Previous Daily SMA50: 112.5
    Previous Daily SMA100: 112.3
    Previous Daily SMA200: 111.09
Levels:
    Previous Daily High: 109.12
    Previous Daily Low: 104.75
    Previous Weekly High: 111.41
    Previous Weekly Low: 110
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 106.42
    Previous Daily Fibonacci 61.8%: 107.45
    Previous Daily Pivot Point S1: 105.14
    Previous Daily Pivot Point S2: 102.75
    Previous Daily Pivot Point S3: 100.76
    Previous Daily Pivot Point R1: 109.52
    Previous Daily Pivot Point R2: 111.51
    Previous Daily Pivot Point R3: 113.89

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