USD/JPY is retracing slightly from the May’s highs. The level to beat for bulls is the 107.75 resistance. USD/JPY four-hour chart USD/JPY is trading off the May’s highs above the 100 and 200 SMAs on the four-hour chart. Bulls want a continuation up of the movement started earlier in the month, possibly eyeing a break above the 107.75 resistance en route towards the 108.00 figure. However, a daily close below the 107.40 could be seen as negative for USD/JPY with bears then looking at the 107.00 figure level. 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 Wall Street Close: Turnaround Thursday in anticipation of Friday’s Sino/China news conference FX Street 3 years USD/JPY is retracing slightly from the May’s highs. The level to beat for bulls is the 107.75 resistance. USD/JPY four-hour chart USD/JPY is trading off the May’s highs above the 100 and 200 SMAs on the four-hour chart. Bulls want a continuation up of the movement started earlier in the month, possibly eyeing a break above the 107.75 resistance en route towards the 108.00 figure. However, a daily close below the 107.40 could be seen as negative for USD/JPY with bears then looking at the 107.00 figure level. Additional key levels 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.
