According to Axel Rudolph, analyst at Commerzbank, USD/JPY pair has now overcome the mid-August high at 106.98, a daily chart close above which has confirmed a bottoming formation with the July and August highs at 108.99/109.32 thus being in focus. Key Quotes “En route are the July 3 low at 107.54 and the early June low at 107.81. Minor support sits at the 105.74 current September low. Good support below the 105.74 low can be spotted between the midand late August lows and the 200 month moving average at 115.05/104.38.” “Further down sits the January low at 104.10.” “Failure at 104.10 would target the 2016 low at 99.00.” 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 NEO developers introduce several new products FX Street 4 years According to Axel Rudolph, analyst at Commerzbank, USD/JPY pair has now overcome the mid-August high at 106.98, a daily chart close above which has confirmed a bottoming formation with the July and August highs at 108.99/109.32 thus being in focus. Key Quotes "En route are the July 3 low at 107.54 and the early June low at 107.81. Minor support sits at the 105.74 current September low. Good support below the 105.74 low can be spotted between the midand late August lows and the 200 month moving average at 115.05/104.38." "Further down sits the January low at 104.10." "Failure at… 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.
