In light of the recent price action, the pair is now focused on 114.74, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY has eroded the 20 day ma at 112.62, and taken out the 112.89 222nd October high to reassert upside pressure. It has also regained the 113.18 mid July high and we look for a rally to the 114.74 recent high. Above 114.74 would target 118.66, the December 2016 high”. “Near by support is the 112.12 55 day ma ahead of cloud support at 111.47. Failure at the cloud support (111.47) would target the 109.77/87 200 day ma and August low”. 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 Paradigm shift in South Korea: FSC approves banking support crypto exchanges FX Street 4 years In light of the recent price action, the pair is now focused on 114.74, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/JPY has eroded the 20 day ma at 112.62, and taken out the 112.89 222nd October high to reassert upside pressure. It has also regained the 113.18 mid July high and we look for a rally to the 114.74 recent high. Above 114.74 would target 118.66, the December 2016 high". "Near by support is the 112.12 55 day ma ahead of cloud support at 111.47. Failure at the cloud support (111.47) would target the… 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.
