FX Strategists at UOB Group believe USD/JPY should keep navigating within the prevailing 107.00/109.00 range for the time being. Key Quotes 24-hour view: “USD traded in a quiet manner last Friday and closed at 108.46 but moved lower upon opening this morning. Downward momentum is beginning to pick up and this could lead to USD dipping towards 107.70. For today, the next support at 107.40 is unlikely to come into the picture. Resistance is at 108.50 followed by 108.70.” Next 1-3 weeks: “After rising quickly to a high of 109.37 last Monday (06 Apr), USD has not been able to make any headway on the upside as it subsequently traded sideways to lower for the rest of the week. The price action has resulted in a rapid loss in momentum and has put paid to our view for USD to test 110.40. From here, the bias is tilted to the downside but at this stage, any weakness is viewed as part of a 107.00/109.00 range.” 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 pre-halving rally  a pipe dream? FX Street 2 years FX Strategists at UOB Group believe USD/JPY should keep navigating within the prevailing 107.00/109.00 range for the time being. Key Quotes 24-hour view: “USD traded in a quiet manner last Friday and closed at 108.46 but moved lower upon opening this morning. Downward momentum is beginning to pick up and this could lead to USD dipping towards 107.70. For today, the next support at 107.40 is unlikely to come into the picture. Resistance is at 108.50 followed by 108.70.” Next 1-3 weeks: “After rising quickly to a high of 109.37 last Monday (06 Apr), USD has not been able to… 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.
