Further sideline trading in USD/JPY is expected in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Instead of “trading sideways”, USD dropped to 105.72 before ending the day on a soft note at 105.92. Downward momentum has improved albeit not by much and this could lead to USD testing the next support at 105.60. At this stage, a sustained decline below this level is not expected. Resistance is at 106.15 followed by 106.35″. Next 1-3 weeks: “After the spectacular rebound from 104.44 last Monday (Aug 26), the price action in USD has been mixed. The movement offers no fresh clues and for now, we continue to hold the same view since 27 Aug (spot at 106.00) wherein USD is expected to “trade sideways and within a broad range between 105.00 and 107.00 for a while more”. 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 China’s Cabinet: Will implement broad RRR cut and targeted RRR cut in time FX Street 4 years Further sideline trading in USD/JPY is expected in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: "Instead of "trading sideways", USD dropped to 105.72 before ending the day on a soft note at 105.92. Downward momentum has improved albeit not by much and this could lead to USD testing the next support at 105.60. At this stage, a sustained decline below this level is not expected. Resistance is at 106.15 followed by 106.35". Next 1-3 weeks: "After the spectacular rebound from 104.44 last Monday (Aug 26), the price action in USD has been mixed. The… 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.
