USD/JPY remains on the bearish path after the pair peaked for the day at 105.68, trading now marginally lower daily basis in the 105.20 price zone. USD/JPY is technically bearish and poised to extend its decline towards the 104.40 price zone, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Japan published the June Corporate Service Price Index, which improved to 0.8% YoY from 0.5% in the previous month. The macroeconomic calendar will remain light this Tuesday, although the US will publish the CB Consumer Confidence, foreseen at 94 from 98.1 in the previous month.” “USD/JPY is trading near the multi-month low achieved this week at 105.11 and poised to extend the slide. The 4-hour chart shows that technical indicators resumed their declines after correcting extreme oversold readings, while the 20 SMA has extended its slide above the current level, and below the larger ones.” “The main support and bearish target is 104.45, where the pair bottomed multiple times weekly basis.” 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/JPY looks consolidative around the 123.50 area ahead of data FX Street 3 years USD/JPY remains on the bearish path after the pair peaked for the day at 105.68, trading now marginally lower daily basis in the 105.20 price zone. USD/JPY is technically bearish and poised to extend its decline towards the 104.40 price zone, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Japan published the June Corporate Service Price Index, which improved to 0.8% YoY from 0.5% in the previous month. The macroeconomic calendar will remain light this Tuesday, although the US will publish the CB Consumer Confidence, foreseen at 94 from 98.1 in the previous month.” “USD/JPY is trading near the… 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.
