Following the recent performance, the pair risks extra losses if 107.65 is cleared, in opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “USD/JPY was rejected by the 55 day ma at 109.15 on Friday and sold off to its 5 month support line at 108.24. This is now exposed. Failure at 107.65 is needed, however, in order to reassert downside pressure to the 106.48 October low and the 105.00 region.” “Overhead the topside is blocked by the downtrend from 2015 which lies at 110.10. While it holds on a weekly chart closing basis, we will maintain an overall longer term bearish bias.” 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 PBOC: Coronavirus epidemic will not change China’s sound long-term economic fundamentals FX Street 2 years Following the recent performance, the pair risks extra losses if 107.65 is cleared, in opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “USD/JPY was rejected by the 55 day ma at 109.15 on Friday and sold off to its 5 month support line at 108.24. This is now exposed. Failure at 107.65 is needed, however, in order to reassert downside pressure to the 106.48 October low and the 105.00 region.” “Overhead the topside is blocked by the downtrend from 2015 which lies at 110.10. While it holds on a weekly chart closing basis, we… 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.
