In opinion of FX Strategists at UOB Group, USD/JPY does not rule out a move beyond 109.75 in the next weeks. Key Quotes 24-hour view: “USD traded between 108.88 and 109.26 yesterday, lower and narrower than our expected 109.00/109.50 range. Momentum indicators are still mostly ‘neutral’ and USD could continue to trade sideways for now. Expected range for today, 108.85/109.25″. Next 1-3 weeks: “There is not much to add to our update from last Friday (08 Nov, spot at 109.30). We continue to hold the view that as long as USD stays above 108.65 (no change in ‘strong support’ level), the “risk of a break of 109.75 cannot be ruled out”. That said, USD could not afford to dither as a consolidation below the solid resistance level of 109.70 would quickly increase the risk of a short-term top”. 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 UK’s Corbyn: Serious cyberattack took place against Labour Party platform yesterday FX Street 3 years In opinion of FX Strategists at UOB Group, USD/JPY does not rule out a move beyond 109.75 in the next weeks. Key Quotes 24-hour view: "USD traded between 108.88 and 109.26 yesterday, lower and narrower than our expected 109.00/109.50 range. Momentum indicators are still mostly 'neutral' and USD could continue to trade sideways for now. Expected range for today, 108.85/109.25". Next 1-3 weeks: "There is not much to add to our update from last Friday (08 Nov, spot at 109.30). We continue to hold the view that as long as USD stays above 108.65 (no change in 'strong support' level),… 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.
