USD/JPY appears to have met decent support in the 104.90 region as is managing to reclaim the 105.00 level and a tad above on Thursday. Oversold conditions hints a move towards the 106.00 mark but occasional bouts of risk aversion carry the potential to trigger a probable move to August 2019 low at 104.40, FXStreet’s Pablo Piovano briefs. Key quotes “The current oversold condition of the USD/JPY pair calls for a potential technical rebound to, initially, the lower bound of the May-July range in the 106.00 neighbourhood.” “If the selling bias regains momentum, then there should be scope for another visit to the 104.40 zone. If this area of contention is breached, then there are no relevant support levels until the 2020 low at 101.18 (March 9).” 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 USD/CHF clings to modest recovery gains near 0.9140 area, lacks follow-through FX Street 3 years USD/JPY appears to have met decent support in the 104.90 region as is managing to reclaim the 105.00 level and a tad above on Thursday. Oversold conditions hints a move towards the 106.00 mark but occasional bouts of risk aversion carry the potential to trigger a probable move to August 2019 low at 104.40, FXStreet’s Pablo Piovano briefs. Key quotes “The current oversold condition of the USD/JPY pair calls for a potential technical rebound to, initially, the lower bound of the May-July range in the 106.00 neighbourhood.” “If the selling bias regains momentum, then there should be scope for another… 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.
