According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s correction lower could be nearly finished. Key Quotes “USD/JPY has recently sold off to the 55 day ma at 108.21. In this vicinity we find the 50% retracement at 107.97 and the midFebruary high at 107.91. We suspect that the correction may be ending but we will need to regain the 20 day ma at 109.72 to confirm”. “Above the 20 day ma, rallies will find resistance at the 111.39 recent high but key resistance remains the 112.21 2015-2018 downtrend”. 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 AUD/USD flirting with lows, below mid-0.7500s ahead of NFP FX Street 5 years According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair's correction lower could be nearly finished. Key Quotes "USD/JPY has recently sold off to the 55 day ma at 108.21. In this vicinity we find the 50% retracement at 107.97 and the midFebruary high at 107.91. We suspect that the correction may be ending but we will need to regain the 20 day ma at 109.72 to confirm". "Above the 20 day ma, rallies will find resistance at the 111.39 recent high but key resistance remains the 112.21 2015-2018 downtrend". 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.
