- USD/JPY is in search of a clear direction as the market is having a hard time to regain the 108.00 handle.
- The level to beat for bears is the 107.80 support level.
USD/JPY daily chart
USD/JPY is trading in a bear trend below its 200-day simple moving averages (SMA). However, this September, USD/JPY is gaining strength now challenging the 100 SMA and the 108.00 handle.
USD/JPY 4-hour chart
USD/JPY is trading between the 50 and 100 SMAs, suggesting a consolidation in the medium term. The market is trading above the 107.80 support with little bullish conviction as the 50 SMA is capping gains.
USD/JPY 30-minute chart
Additional key levels