USD/JPY corrected extreme overbought conditions and holds on to bullish ground. Valeria Bednarik, a Chief Analyst at FXStreet, examines the USD/JPY pair from a technical perspective. Key quotes “The 4-hour chart shows that it held above all of its moving averages, with the 20 SMA maintaining its bullish slope above its 100 and 200 SMA.” “Further gains are to be expected on a break above 110.30, the immediate resistance, with the market pushing for a re-test of 112.22, February monthly high.” “Support levels: 108.90 108.45 Resistance levels: 110.30 110.65” 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 US Dollar Index Price Analysis: Target is now at the 103.65/82 band FX Street 2 years USD/JPY corrected extreme overbought conditions and holds on to bullish ground. Valeria Bednarik, a Chief Analyst at FXStreet, examines the USD/JPY pair from a technical perspective. Key quotes “The 4-hour chart shows that it held above all of its moving averages, with the 20 SMA maintaining its bullish slope above its 100 and 200 SMA.” “Further gains are to be expected on a break above 110.30, the immediate resistance, with the market pushing for a re-test of 112.22, February monthly high.” “Support levels: 108.90 108.45 Resistance levels: 110.30 110.65” 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.
