The pair’s stance stays bid and could edge higher to the 114.74 level, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/JPY continues to sit above cloud support and remains bid. We look for further gains to the 114.74 recent high, which may hold the initial test. Above 114.74 would target 118.66, the December 2016 high. The market is underpinned by the 55 day ma (112.46) and cloud support (112.93/15)”. “Only failure at the cloud support (112.15) would target the 109.77/110.02 200 day ma and August low”. “If the 109.77 level were to give way (August low), the June 8 low at 109.20 would be in focus. Failure there would imply a slide back to the 108.12 May 29 low and the mid-February high at 107.91″. 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 UK: Strong 0.6% q/q print for 18Q3 – TDS FX Street 4 years The pair's stance stays bid and could edge higher to the 114.74 level, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/JPY continues to sit above cloud support and remains bid. We look for further gains to the 114.74 recent high, which may hold the initial test. Above 114.74 would target 118.66, the December 2016 high. The market is underpinned by the 55 day ma (112.46) and cloud support (112.93/15)". "Only failure at the cloud support (112.15) would target the 109.77/110.02 200 day ma and August low". "If the 109.77 level were to give way (August… 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.
