USD/JPY faces stiff resistance at 200-HMA of 106.23. Bulls consolidate before regaining upside momentum. Next of relevance remains the US Jobless claims data. USD/JPY extends its Asian side trend in the European session, as the bulls consolidate the previous surge amid the risk-off market mood and sliding US Treasury yields. Although, the FOMC minutes inspired dollar gains continue to limit the downside attempts in the spot. From a near-term technical perspective, the price is ranging between two key Simple Moving Averages on the hourly chart, with the horizontal 200-HMA at 106.23 capping the move higher while the 100-HMA at 105.98 lends support to the bulls. The further upside will be on the cards only on a sustained break above the 200-HMA. While the sellers look to test the next support of inward-sloping 21-HMA at 105.88 should USD/JPY dive out from the range trade. Further south, the horizontal 50-HMA at 105.62 will be tested. USD/JPY: Hourly chart USD/JPY: Additional 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 China’s Commerce Ministry: To hold trade talks with the US in coming days FX Street 2 years USD/JPY faces stiff resistance at 200-HMA of 106.23. Bulls consolidate before regaining upside momentum. Next of relevance remains the US Jobless claims data. USD/JPY extends its Asian side trend in the European session, as the bulls consolidate the previous surge amid the risk-off market mood and sliding US Treasury yields. Although, the FOMC minutes inspired dollar gains continue to limit the downside attempts in the spot. From a near-term technical perspective, the price is ranging between two key Simple Moving Averages on the hourly chart, with the horizontal 200-HMA at 106.23 capping the move higher while the 100-HMA… 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.
