USD/JPY bounces off immediate support line to print three-day winning streak. Thursday’s high appears on the bulls’ radar as immediate resistance. 107.00 could lure the bears below 200-HMA. USD/JPY rises to 107.73, up 0.08% on a day, while heading into the European session on Monday. That said, the yen pair recently took a U-turn from a four-day-old resistance-turned-support line. As a result, buyers are currently aiming for Thursday’s high near 107.85 as immediate resistance ahead of the previous week’s top near 108.10. Though, it should be noted that the pair’s ability to cross 108.10 on a successful basis can push the bulls towards 109.00 and then to April month peak nearing 109.40. Meanwhile, sellers will wait for entries below the said resistance, now support, around 107.60, while targeting a 200-HMA level of 107.40 and then to 107.00 round-figure. If at all the quote remains weak below 107.00, the mid-month low near 106.85 will return to the charts. USD/JPY hourly chart Trend: Further recovery expected 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 Ripple Price Analysis: XRP/USD bulls looking forward to a falling triangle breakout, all eyes on $0.21 FX Street 3 years USD/JPY bounces off immediate support line to print three-day winning streak. Thursday’s high appears on the bulls’ radar as immediate resistance. 107.00 could lure the bears below 200-HMA. USD/JPY rises to 107.73, up 0.08% on a day, while heading into the European session on Monday. That said, the yen pair recently took a U-turn from a four-day-old resistance-turned-support line. As a result, buyers are currently aiming for Thursday’s high near 107.85 as immediate resistance ahead of the previous week’s top near 108.10. Though, it should be noted that the pair’s ability to cross 108.10 on a successful basis can push… 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.
