USD/JPY is consolidating the recent losses. The level to beat for bears is the 110.00 figure. USD/JPY daily chart USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is pulling back down after a huge breakout last week. USD/JPY four-hour chart USD/JPY is trading in the 110.00/110.60 range while trading between the 50 and the 100 SMAs. As the market is consolidating the recent drop the bears might try to break below the 110.00 support to reach 109.40 and 108.60 on the way down. Resistances are seen near the 110.65 level and the 111.00 figure. Resistance: 110.65, 111.00, 111.40 Support: 110.00, 109.40, 108.60 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 South Africa: Tougher economic circumstances – TDS FX Street 3 years USD/JPY is consolidating the recent losses. The level to beat for bears is the 110.00 figure. USD/JPY daily chart USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is pulling back down after a huge breakout last week. USD/JPY four-hour chart USD/JPY is trading in the 110.00/110.60 range while trading between the 50 and the 100 SMAs. As the market is consolidating the recent drop the bears might try to break below the 110.00 support to reach 109.40 and 108.60 on the way down. Resistances are seen… 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.
