In light of the strong rebound, the pair could now attempt a news visit of the 113.18/30 area, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY has seen a strong rebound from the 55 day moving average at 110.63. This support is reinforced by the 55 week ma at 110.23 and the 200 day ma at 110.06. We view the correction lower as over and the market resuming its up move. We look for a retest of the 113.18/30 recent high and 200 week ma”. “The 200 week ma represents the break up point to 114.73, the November 2017 high. (Our much longer term target is the 125.86 2015 high)”. 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 still sidelined, likely between 1.1620/1.1790 – UOB FX Street 5 years In light of the strong rebound, the pair could now attempt a news visit of the 113.18/30 area, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/JPY has seen a strong rebound from the 55 day moving average at 110.63. This support is reinforced by the 55 week ma at 110.23 and the 200 day ma at 110.06. We view the correction lower as over and the market resuming its up move. We look for a retest of the 113.18/30 recent high and 200 week ma". "The 200 week ma represents the break up point to… 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.
