USD/JPY eases from intraday high, keeps trend line breakout. Bullish MACD, sustained break of previous resistance eyes 50-day SMA. Three-week-old horizontal support restricts short-term downside. USD/JPY cools down from a weekly high of 104.50 to 104.40, still up 0.18% intraday, during the pre-European open trading on Thursday. The pair recently pierced a downward sloping trend line from November 11 while printing a three-day winning streak. Not only the upside break of the previous resistance line but bullish MACD also directs USD/JPY buyers toward the 50-day SMA level of 104.71. It should, however, be noted that the monthly top near 104.75 will add filters to the quote’s upside past-50-day SMA. Meanwhile, failures to keep the trend line breakout, at 104.38 now, on a daily closing basis can recall the 104.00 threshold back to the charts. Though, multiple lows marked since November 18, near 103.70/65, will be a tough nut to crack for USD/JPY sellers past-104.00. USD/JPY daily chart Trend: Further upside expected 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 Gold Price Analysis: XAU/USD lacks clear directional bias amid vaccine, stimulus optimism, levels to watch – Confluence Detector FX Street 2 years USD/JPY eases from intraday high, keeps trend line breakout. Bullish MACD, sustained break of previous resistance eyes 50-day SMA. Three-week-old horizontal support restricts short-term downside. USD/JPY cools down from a weekly high of 104.50 to 104.40, still up 0.18% intraday, during the pre-European open trading on Thursday. The pair recently pierced a downward sloping trend line from November 11 while printing a three-day winning streak. Not only the upside break of the previous resistance line but bullish MACD also directs USD/JPY buyers toward the 50-day SMA level of 104.71. It should, however, be noted that the monthly top near 104.75… 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.
