USD/JPY has eroded the base of its 2 year range at 104.10/05 – 2018 low and the 200 month ma. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, examines the pair technically. Key quotes “The break below 104.10 introduced scope to 101.80/100.70 (long term pivot and Fibo) and this should hold the initial test. Below here lies the 99.00 June 2018 low, then 95.00/94.75 long term Fibo.” “Near term rallies are indicated to fail in the 105.20/106.20 vicinity.” 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 Ripple Price Prediction: XRP/USD hovers around $0.2100, still vulnerable to losses – Bitcoin confluence FX Street 2 years USD/JPY has eroded the base of its 2 year range at 104.10/05 – 2018 low and the 200 month ma. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, examines the pair technically. Key quotes “The break below 104.10 introduced scope to 101.80/100.70 (long term pivot and Fibo) and this should hold the initial test. Below here lies the 99.00 June 2018 low, then 95.00/94.75 long term Fibo.” “Near term rallies are indicated to fail in the 105.20/106.20 vicinity.” 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.
