USD/JPY continues to consolidate at 110.00, as Karen Jones from Commerzbank notes. The analyst maintains a bearish bias for the pair. Key quotes “The market is underpinned by its seven month support line at 108.64 and is capped currently by the January high at 110.31. While this caps on a weekly chart closing basis, we will maintain an overall longer term bearish bias.” “Failure at the 107.65 January low is needed to reassert downside pressure to the 106.48 October low and the 105.00 region.” 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 finally gets a reason to rise, will it grasp the opportunity? Yohay Elam 2 years USD/JPY continues to consolidate at 110.00, as Karen Jones from Commerzbank notes. The analyst maintains a bearish bias for the pair. Key quotes “The market is underpinned by its seven month support line at 108.64 and is capped currently by the January high at 110.31. While this caps on a weekly chart closing basis, we will maintain an overall longer term bearish bias.” “Failure at the 107.65 January low is needed to reassert downside pressure to the 106.48 October low and the 105.00 region.” 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.
