News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/JPY Technical Analysis: Five-Day Win Streak Ended

USD/JPY Technical Analysis: Five-Day Win Streak Ended

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/JPY Technical Strategy: Flat
  • Support: 106.99. 106.44, 105.77
  • Resistance: 107.54, 108.22, 109.31

The US Dollar paused to digest gains after five consecutive daily advances against the Japanese Yen following the establishment of a six-year high. A daily close above the 61.8% Fibonacci expansion at 107.54 exposes the 76.4% level at 108.22. Alternatively, a reversal below the 50% Fib at 106.99 opens the door for a challenge of the 38.2% expansion at 106.44.

The available trading range is too narrow to justify entering a long or short trade at current levels from a risk/reward perspective. We will remain on the sidelines for now, waiting for a more actionable opportunity to present itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/JPY Technical Analysis: Five-Day Win Streak Ended

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.