USD/JPY pulls back from one-week high. 200-day SMA, 61.8% Fibonacci retracement restrict immediate downside. 109.65/70 seems to guard the immediate upside. USD/JPY drops to 108.88, down 0.30% amid the Asian session on Tuesday. In doing so, the pair snaps the previous three-day winning streak but stays above the near-term key supports, namely 200-day SMA and 61.8% Fibonacci retracement of February-March declines. Should the quote declines below 108.30 and 108.00 nearby supports, the month-start low near 106.90 could stop sellers from targeting a 50% Fibonacci retracement level of 106.70. In a case where the bears dominate past-106.70, an area comprising March 05 low and March 10 low, around 106.00, will be the key. Meanwhile, a horizontal region including multiple tops and bottoms since late-February around 109.65/70 will guard the pair’s near-term advances. USD/JPY daily chart Trend: Pullback 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 NZ PM Ardern: Signs that lockdown is working FX Street 2 years USD/JPY pulls back from one-week high. 200-day SMA, 61.8% Fibonacci retracement restrict immediate downside. 109.65/70 seems to guard the immediate upside. USD/JPY drops to 108.88, down 0.30% amid the Asian session on Tuesday. In doing so, the pair snaps the previous three-day winning streak but stays above the near-term key supports, namely 200-day SMA and 61.8% Fibonacci retracement of February-March declines. Should the quote declines below 108.30 and 108.00 nearby supports, the month-start low near 106.90 could stop sellers from targeting a 50% Fibonacci retracement level of 106.70. In a case where the bears dominate past-106.70, an area comprising March… 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.
