USD/JPY technical analysis: Greenback is staging a come back above the 109.00 figure price level

USD/JPY daily chart USD/JPY has been trading in a bear leg below its main simple moving averages (SMAs). USD/JPY has been consolidating above the 109.  |  15/05/2019 21:07

USD/JPY daily chart

USD/JPY has been trading in a bear leg below its main simple moving averages (SMAs).
USD/JPY has been consolidating above the 109.00 figure in the last two days.


USD/JPY 4-hour chart


USD/JPY is stabilizing above the 109.00 figure. 


USD/JPY 30-minute chart

Bulls will have to overcome 109.80 and the 110.06 resistance in order to move up towards 110.30 and 110.60 level.
Support is at 109.50/30 and the 109.00 round number. A break below 109.00 on a daily closing basis would invalidate the bullish scenario.


Additional key levels

 

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