USD/JPY prints a two-day winning streak above the 11-day-old rising support line. A horizontal area comprising mid-April high, 200-day SMA on the bulls’ radars. May 13 low could please sellers below the short-term ascending trend line. US Treasury yields, Japan’s NIKKEI portrays an upbeat market mood despite US-China tussle. USD/JPY softens to 107.83, up 0.11% on a day, during the pre-European session on Thursday. Even so, the yen pair stays above an immediate support line. As a result, buyers keep targeting the 108.05/10 area comprising multiple highs marked since April-19. However, a 200-day SMA level of 108.34 could keep the bulls checked then after. In a case where the bulls manage to cross 108.34 on a daily chart, 109.00 and April month’s top nearing 109.40 will becomes their favorites. If at all the US-China tussle weigh on risk-tone and drags the quote down, sellers will wait for a sustained break below 107.43, comprising an ascending trend line from May 13, for fresh entries. Should that happen, the mid-month low near 106.75 and the monthly bottom around 106.00 will be on the bears’ radars. USD/JPY daily chart Trend: Bullish 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 Litecoin Price Analysis: LTC/USD currently sandwiched between the SMA 20 and SMA 50 curves FX Street 3 years USD/JPY prints a two-day winning streak above the 11-day-old rising support line. A horizontal area comprising mid-April high, 200-day SMA on the bulls’ radars. May 13 low could please sellers below the short-term ascending trend line. US Treasury yields, Japan’s NIKKEI portrays an upbeat market mood despite US-China tussle. USD/JPY softens to 107.83, up 0.11% on a day, during the pre-European session on Thursday. Even so, the yen pair stays above an immediate support line. As a result, buyers keep targeting the 108.05/10 area comprising multiple highs marked since April-19. However, a 200-day SMA level of 108.34 could keep the… 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.
