USD/JPY is losing steam on US dollar weakness. USD/JPY is about to challenge the 107.00 support. USD/JPY daily chart USD/JPY is trading below the main DMA (daily simple moving average) on the daily chart as the spot is nearing the April’s lows. USD/JPY four-hour chart USD/JPY is trading below the main SMAs on the four-hour chart suggesting a negative bias in the medium term. The spot is nearing the 107.00 figure near April’s lows. A break below the mentioned level could imply further losses towards the 106.00 or the 105.00 levels. Resistance can be seen near the 108.00 and 108.70 levels. 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 AUD/USD Price Analysis: Aussie recovery stays intact, trades above 0.6400 figure FX Street 2 years USD/JPY is losing steam on US dollar weakness. USD/JPY is about to challenge the 107.00 support. USD/JPY daily chart USD/JPY is trading below the main DMA (daily simple moving average) on the daily chart as the spot is nearing the April’s lows. USD/JPY four-hour chart USD/JPY is trading below the main SMAs on the four-hour chart suggesting a negative bias in the medium term. The spot is nearing the 107.00 figure near April’s lows. A break below the mentioned level could imply further losses towards the 106.00 or the 105.00 levels. Resistance can be seen… 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.
