USD/JPY is neutral-to-bullish in the short-term as critical resistance sits at 108.00. Valeria Bednarik, a Chief Analyst at FXStreet, examines the USD/JPY pair from a technical perspective. Key quotes “The 4-hour chart shows that the USD/JPY pair continues to develop below a bearish 100 SMA and above a bullish 20 SMA, with the distance between both shrinking. One will have to give.” “The downside is being protected by buyers aligned around 105.35, the 38.2% retracement of the mentioned slump, while a critical resistance comes at 108.00, the 61.8% retracement.” “Support levels: 106.50 106.10. Resistance levels: 107.10 107.60.” 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 EUR/USD Price Analysis: Rising bets for a move to 1.0992 FX Street 2 years USD/JPY is neutral-to-bullish in the short-term as critical resistance sits at 108.00. Valeria Bednarik, a Chief Analyst at FXStreet, examines the USD/JPY pair from a technical perspective. Key quotes “The 4-hour chart shows that the USD/JPY pair continues to develop below a bearish 100 SMA and above a bullish 20 SMA, with the distance between both shrinking. One will have to give.” “The downside is being protected by buyers aligned around 105.35, the 38.2% retracement of the mentioned slump, while a critical resistance comes at 108.00, the 61.8% retracement.” “Support levels: 106.50 106.10. Resistance levels: 107.10 107.60.” 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.
