USD/JPY is starting the week trading sideways below the 110.04 resistance. The rising wedge formation can limit bullish advances. USD/JPY daily chart USD/JPY is trading off February highs below the 110.00 figure while trading above its main daily simple moving averages (SMAs) on the daily time frame. USD/JPY four-hour chart USD/JPY broke below a rising wedge formation while above the main SMAs. The spot is trading sideways below the 110.04 resistance as bears want to break below the 109.81 support and drive the market towards the 109.58 and 109.30 levels. On the flip side, a daily close above the 110.04 resistance can invalidate the bearish scenario, according to the Technical Confluences Indicator. Resistance: 110.04, 110.30, 110.65 Support: 109.81, 109.58, 109.30 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next USD/CAD Price Analysis: Bulls trying to defend 200-DMA/descending channel confluence support FX Street 2 years USD/JPY is starting the week trading sideways below the 110.04 resistance. The rising wedge formation can limit bullish advances. USD/JPY daily chart USD/JPY is trading off February highs below the 110.00 figure while trading above its main daily simple moving averages (SMAs) on the daily time frame. USD/JPY four-hour chart USD/JPY broke below a rising wedge formation while above the main SMAs. The spot is trading sideways below the 110.04 resistance as bears want to break below the 109.81 support and drive the market towards the 109.58 and 109.30 levels. On the flip side, a daily… Top 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.
