USD/JPY carries an upside break of 10-day SMA despite Monday’s pullback form 106.47. Normal RSI, a three-day winning streak favor the bulls to attack a falling trend line from June 05. 105.30 can offer immediate support during the pair’s U-turn. USD/JPY prints 0.13% gains on a day while trading around 106.10 during the pre-European session on Tuesday. The pair crossed 10-day SMA for the first time in over two weeks on Monday. The same helps the quote to extend Friday’s recovery moves from the lowest since March 12 towards a short-term descending resistance line. Other than the 106.75 immediate upside barrier, comprising the said trend line, multiple lows marked during the early June and July months, around 106.55/60 also questions the pair buyers. In a case where the USD/JPY prices cross 106.60, 107.55 and July month top close to 108.15 will grab the market attention. Meanwhile, a daily closing below 10-day SMA level of 105.82 can take rest on 105.30 before revisiting the five-month lows near 104.20. USD/JPY daily 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 Outlook on USD/JPY remains unclear – UOB FX Street 2 years USD/JPY carries an upside break of 10-day SMA despite Monday’s pullback form 106.47. Normal RSI, a three-day winning streak favor the bulls to attack a falling trend line from June 05. 105.30 can offer immediate support during the pair’s U-turn. USD/JPY prints 0.13% gains on a day while trading around 106.10 during the pre-European session on Tuesday. The pair crossed 10-day SMA for the first time in over two weeks on Monday. The same helps the quote to extend Friday’s recovery moves from the lowest since March 12 towards a short-term descending resistance line. Other than the 106.75 immediate upside… Top 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.
