The USD/JPY pair has surpassed a key resistance and is heading higher without any major hurdle on the horizon, Karen Jones from Commerzbank analyzes the technical USD/JPY situation. Key quotes “USD/JPY has eroded the 2015-2020 downtrend and at this stage, we have to simply go with it. We ideally will need a weekly close above 110.31 to confirm the break. “While dips hold above 109.66 an immediate upside bias is maintained and only below the 108.67 uptrend would upside pressure abate. The move higher targets 114.55, the 2018 high.” “Key resistance eroded, initial target 112.43/50.” 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next GBP/USD: Near-term depreciating move FX Street 2 years The USD/JPY pair has surpassed a key resistance and is heading higher without any major hurdle on the horizon, Karen Jones from Commerzbank analyzes the technical USD/JPY situation. Key quotes “USD/JPY has eroded the 2015-2020 downtrend and at this stage, we have to simply go with it. We ideally will need a weekly close above 110.31 to confirm the break. “While dips hold above 109.66 an immediate upside bias is maintained and only below the 108.67 uptrend would upside pressure abate. The move higher targets 114.55, the 2018 high.” “Key resistance eroded, initial target 112.43/50.” Top 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.
