USD/JPY dropped to fresh 2020 lows following the emergency Fed cut. The level to beat for bears is the 107.00 support. USD/JPY daily chart USD/JPY is trading to fresh 2020 lows below the 200-day simple moving averages (SMA) after the Fed decided to cut interest rates in an emergency measure. USD/JPY four-hour chart USD/JPY is challenging the 2020 lows while the market is trading below its main SMAs. Bears want a break below the 107.00 figure to trade down towards the 106.72 and 106.38 price levels. Resistance is seen near 107.90 and 108.17 levels. Resistance: 107.90, 108.17, 108.51 Support: 107.00, 106.72, 106.38 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 Litecoin Price Analysis: LTC/USD bulls may have room for a challenge of critical resistance FX Street 2 years USD/JPY dropped to fresh 2020 lows following the emergency Fed cut. The level to beat for bears is the 107.00 support. USD/JPY daily chart USD/JPY is trading to fresh 2020 lows below the 200-day simple moving averages (SMA) after the Fed decided to cut interest rates in an emergency measure. USD/JPY four-hour chart USD/JPY is challenging the 2020 lows while the market is trading below its main SMAs. Bears want a break below the 107.00 figure to trade down towards the 106.72 and 106.38 price levels. Resistance is seen near 107.90 and 108.17 levels. … 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.
