USD/JPY still sees a probable move to the 106.00 neighbourhood if 106.70 is cleared in the near-term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 106.75 and 107.09 yesterday, relatively close to our expected 106.70/107.15 range. While USD could continue to consolidate, the underlying tone has weakened somewhat and this could lead to a lower trading range of 106.60/107.00.” Next 1-3 weeks: “USD traded in a muted manner for the past several days and the price actions offer no fresh clues. For now, we continue to hold the same view that USD is under mild downward pressure and a daily closing below 106.70 would indicate it could weaken further to 106.00. Only a move above 107.40 (‘strong resistance’ level previously at 107.60) would indicate that the downside risk has dissipated.” 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 Ripple Price Analysis: XRP/USD motionless under $0.19 as consolidation takes point FX Street 2 years USD/JPY still sees a probable move to the 106.00 neighbourhood if 106.70 is cleared in the near-term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded between 106.75 and 107.09 yesterday, relatively close to our expected 106.70/107.15 range. While USD could continue to consolidate, the underlying tone has weakened somewhat and this could lead to a lower trading range of 106.60/107.00.” Next 1-3 weeks: “USD traded in a muted manner for the past several days and the price actions offer no fresh clues. For now, we continue to hold the same view that USD is under mild… 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.
