In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s decline should meet support in the 111.80/83 band. Key Quotes “USD/JPY has sold off to and is starting to erode the 20 day ma found at 113.00 yesterday. The market last week reversed just ahead of the 2017 high at 114.74. We note the 13 count and will look for a slightly deeper corrective phase near term, but we look for dips lower to be contained by the 111.80/83 late August high and 55 day moving average. Uptrend support lies at 111.55″. “Above 114.74 would target 118.66, the December 2016 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 GBP/USD keeps eyeing 1.3030/1.3220 – UOB FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair's decline should meet support in the 111.80/83 band. Key Quotes "USD/JPY has sold off to and is starting to erode the 20 day ma found at 113.00 yesterday. The market last week reversed just ahead of the 2017 high at 114.74. We note the 13 count and will look for a slightly deeper corrective phase near term, but we look for dips lower to be contained by the 111.80/83 late August high and 55 day moving average. Uptrend support lies at 111.55". "Above 114.74 would target… 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.
