USD/JPY technical analysis: USD tumbles - 108.00 key support holds

  • The US Nonfarm Payrolls (NFP) sent the US dollar down across the board as the US has only added 75k jobs vs. 185k forecast. 
  • USD/JPY dipped lower but seems to hold above the key 108.00 support level.

USD/JPY daily chart 

USD/JPY is trading in a bear leg below its main daily simple moving averages (DSMAs). 

USD/JPY 4-hour chart


USD/JPY is consolidating near the 108.00 handle.

USD/JPY 30-minute chart

Bulls are attempting to create a base above the 108.00 figure. A break above 108.50 can lead to 108.80 and 109.20 to the upside. Support is seen at 108.00, 107.80 and 107.30.

Additional key levels

 

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