USD/JPY is trading mixed this Wednesday while being capped below the 108.00 figure. The level to beat fro bears is the 107.00 support. USD/JPY daily chart USD/JPY is trading below its main DMAs (daily simple moving averages) on the daily chart as the spot is rebounding from the April’s lows. USD/JPY four-hour chart USD/JPY is trading below its main SMAs on the four-hour chart suggesting a bearish bias in the medium term. The spot is rejecting the 108.00 figure and the 200 SMA. A break below the 107.00 figure near April’s lows could lead to a dip down 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 Poloz speech: Reasonably optimistic best-case scenario is still achievable FX Street 2 years USD/JPY is trading mixed this Wednesday while being capped below the 108.00 figure. The level to beat fro bears is the 107.00 support. USD/JPY daily chart USD/JPY is trading below its main DMAs (daily simple moving averages) on the daily chart as the spot is rebounding from the April’s lows. USD/JPY four-hour chart USD/JPY is trading below its main SMAs on the four-hour chart suggesting a bearish bias in the medium term. The spot is rejecting the 108.00 figure and the 200 SMA. A break below the 107.00 figure near April’s lows could lead to… 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.
