USD/JPY has broken its uptrend from March to turn the risk lower with support seen at 106.77/74, the Credit Suisse analyst team report. Key quotes “Below 107.31, the USD/JPY pair marks a more definitive rejection for a break of the uptrend from March, 13-day average, and near-term price support. This should see the risk turn lower again with support seen at 107.03 next, then 106.77/74, the mid-May low. Whilst a fresh rebound from here should be allowed for, a break in due course can open the door to a retest of the 105.98 outright May low.” “Resistance at 107.31/36 ideally caps to keep the immediate risk lower. Above can see strength back to a cluster of resistances at 107.72/89, but with this expected to now cap.” 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/USD climbs to 2-month tops beyond 1.1100 FX Street 3 years USD/JPY has broken its uptrend from March to turn the risk lower with support seen at 106.77/74, the Credit Suisse analyst team report. Key quotes “Below 107.31, the USD/JPY pair marks a more definitive rejection for a break of the uptrend from March, 13-day average, and near-term price support. This should see the risk turn lower again with support seen at 107.03 next, then 106.77/74, the mid-May low. Whilst a fresh rebound from here should be allowed for, a break in due course can open the door to a retest of the 105.98 outright May low.” “Resistance at 107.31/36 ideally… 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.
