H&S signal lost steam in initial test to the downside low at 108.34. Dollar’s correction: Bulls are targetting a break of the 21&200-4hr SMA having crossed over the deceneidng trend line resistance. 109.80 recovery target in vicinity of the 100-D SMA. USD/JPY intraday 240min (4hr) chart. Spot rate: 109.04 Relative change: +0.25% High: 109.09 Low: 108.34 Trend: Bullish short term correction and targets breakout of trend line resistance. Bears still in play below 109.72/80 20-D SMA/100 4hr SMA Support 1: 108.09 S1-1D Support 3: 107.41 S2-1D Support 4: 106.71 S3-1D Resistance 1: 109.10 21-4hr SMA/trend line resistance Resistance 2: 109.46 R1-1D Resistance 3: 109.80 20-D SMA/100 4hr SMA FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF turns red below 0.99 as DXY drops to 94 on latest headlines from Italy FX Street 5 years H&S signal lost steam in initial test to the downside low at 108.34. Dollar's correction: Bulls are targetting a break of the 21&200-4hr SMA having crossed over the deceneidng trend line resistance. 109.80 recovery target in vicinity of the 100-D SMA. USD/JPY intraday 240min (4hr) chart. Spot rate: 109.04 Relative change: +0.25% High: 109.09 Low: 108.34 Trend: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
