USD/JPY is consolidating gains above the 108.00 figure. The level to beat for bulls is the 109.50 resistance. USD/JPY daily chart USD/JPY is trading above the 200 DMA (daily simple moving average) on the daily chart as the quote is trying to stabilize above the 107.00 level. USD/JPY four-hour chart USD/JPY uptrend stays intact as the quote trades above the 108.00 figure and its 50/200 SMAs on the four chart but below the 100 SMA. Buyers are most probably looking for a breakout above the 108.70 resistance which would introduce scope to the 109.50 and 111.00 levels to the upside. Support can be expected near 108.00 and 107.00 price levels. Additional key levels 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 challenges 4-week highs around 1.2480 FX Street 2 years USD/JPY is consolidating gains above the 108.00 figure. The level to beat for bulls is the 109.50 resistance. USD/JPY daily chart USD/JPY is trading above the 200 DMA (daily simple moving average) on the daily chart as the quote is trying to stabilize above the 107.00 level. USD/JPY four-hour chart USD/JPY uptrend stays intact as the quote trades above the 108.00 figure and its 50/200 SMAs on the four chart but below the 100 SMA. Buyers are most probably looking for a breakout above the 108.70 resistance which would introduce scope to the 109.50 and 111.00… 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.
