USD/JPY remains bearish forming lower lows and lower highs The level to beat is the 108.30 support. USD/JPY daily chart USD/JPY erased almost all the gains made in the month of January. The spot is challenging the 200-day simple moving averages (SMA) while below the 109.00 figure USD/JPY four-hour chart USD/JPY is grinding lower below the main simple moving averages (SMAs) while making lower lows and lower highs. As the market is weak, a break below the 108.30 level can expose the 108.10 and 107.69 support levels, according to the Technical Confluences Indicator. On the flip side, bullish attempts could find resistance near 108.71, 109.00 and 109.30 levels. Resistance 108.71, 109.00, 109.30 Support 108.30, 108.10, 107.69 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 Week Ahead Canada Digest – TDS FX Street 2 years USD/JPY remains bearish forming lower lows and lower highs The level to beat is the 108.30 support. USD/JPY daily chart USD/JPY erased almost all the gains made in the month of January. The spot is challenging the 200-day simple moving averages (SMA) while below the 109.00 figure USD/JPY four-hour chart USD/JPY is grinding lower below the main simple moving averages (SMAs) while making lower lows and lower highs. As the market is weak, a break below the 108.30 level can expose the 108.10 and 107.69 support levels, according to the Technical Confluences Indicator. On the flip… 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.
