- USD/JPY is trading off the December lows, but below its 200 DMA.
- Support is seen at the 108.64 and 108.47/36 price levels.
USD/JPY daily chart
USD/JPY is trading off the December lows above the 108.50 level and the 50-day simple moving average (DMA). However, the exchange rate is still trading below the 200 DMA, which weakens the bull case.
USD/JPY four-hour chart
USD/JPY 30-minute chart
The market has been sidelined for five consecutive trading sessions. Resistances are seen near 108.76, 109.03, 109.26 and 109.43 price levels, according to the Technical Confluences Indicator.
Additional key levels