The 106.92 mark is viewed as an interim low for the USD/JPY pair and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, predicts a recovery. Key quotes “We continue to regard the 106.92 recent low as an interim low. We favour recovery and look for a retest of the 111.88/112.23 February high and 2017-2020 down channel, which we suspect will again hold. “Initial support is the 108.31 accelerated uptrend and the 106.92 1st April low. A slide back below 106.27, the 50% retracement, is required to alleviate immediate upside pressure for focus to revert back to 104.46, the August low.” 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 EUR/USD: Tilted in favour of bearish traders FX Street 2 years The 106.92 mark is viewed as an interim low for the USD/JPY pair and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, predicts a recovery. Key quotes “We continue to regard the 106.92 recent low as an interim low. We favour recovery and look for a retest of the 111.88/112.23 February high and 2017-2020 down channel, which we suspect will again hold. “Initial support is the 108.31 accelerated uptrend and the 106.92 1st April low. A slide back below 106.27, the 50% retracement, is required to alleviate immediate upside pressure for focus to revert back to 104.46, the August… 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.
