USD/JPY again fails to keep gains above 105.70. Technical charts suggest scope for a deeper pullback. USD/JPY is now trading mostly unchanged on the day near 105.60, having clocked a high of 105.80 early Wednesday. The pair has failed to keep gains above 105.70 for the fourth straight day, and the repeated rejection suggests the bounce from the Sept. 21 low of 104.00 has run out of steam. Further, the indicators on the hourly and 4-hour charts are beginning to roll over in favor of the bears. As such, the pair may decline to the psychological support of 105.00. A close above 105.70 is needed to revive the immediate bullish view. Daily chart Trend: Buyer fatigue Technical 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 Bitcoin Price Forecast: BTC sandwiched between strong resistance and support levels – Confluence Detector FX Street 2 years USD/JPY again fails to keep gains above 105.70. Technical charts suggest scope for a deeper pullback. USD/JPY is now trading mostly unchanged on the day near 105.60, having clocked a high of 105.80 early Wednesday. The pair has failed to keep gains above 105.70 for the fourth straight day, and the repeated rejection suggests the bounce from the Sept. 21 low of 104.00 has run out of steam. Further, the indicators on the hourly and 4-hour charts are beginning to roll over in favor of the bears. As such, the pair may decline to the psychological support of 105.00. A… 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.
