Investors are buying the Japanese yen as the equity markets are crashing. The level to beat for bears is the 101.51 support. USD/JPY daily chart USD/JPY is trading near three-year lows well below the simple moving averages (SMA) as the equity markets worldwide are selling off and at risk of recession. USD/JPY four-hour chart USD/JPY is consolidating the recent freefall below the 103.00 figure. The bears remain in control and a break below the 101.51 support should lead to more losses towards the 101.20 and 100.00 levels, according to the Technical Confluences Indicator. Resistances are seen near the 102.47/79 resistance zone and the 103.43 level. Resistance: 102.47, 102.79, 103.43 Support: 101.51, 101.20, 100.00 Additional key levels 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 Canadian Finance Minister Morneau: Canada has a very strong fiscal position, strong banking system FX Street 3 years Investors are buying the Japanese yen as the equity markets are crashing. The level to beat for bears is the 101.51 support. USD/JPY daily chart USD/JPY is trading near three-year lows well below the simple moving averages (SMA) as the equity markets worldwide are selling off and at risk of recession. USD/JPY four-hour chart USD/JPY is consolidating the recent freefall below the 103.00 figure. The bears remain in control and a break below the 101.51 support should lead to more losses towards the 101.20 and 100.00 levels, according to the Technical Confluences Indicator. Resistances are seen… 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.
