USD/JPY maintains a recovery off trendline support at 108.43. In the medium-term, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes the pair is set to target the 112.23/50 region. Positive above the uptrend at 108.43 “Attention is on the 109.96 April 9 high, which remains the barrier to the 110.97 March high and the 111.13/38 October 2018 low and mid-February 2019 high.” “Below 108.43 will alleviate immediate upside pressure for a slide back to the 107.48 April low.” “Our medium-term target is 112.23/50, which represents the April 2019 high, the 2020 high and a long term Fibonacci retracement.” 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 AUD/USD: Bulls face rejection near 0.7750 FX Street 2 years USD/JPY maintains a recovery off trendline support at 108.43. In the medium-term, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, believes the pair is set to target the 112.23/50 region. Positive above the uptrend at 108.43 "Attention is on the 109.96 April 9 high, which remains the barrier to the 110.97 March high and the 111.13/38 October 2018 low and mid-February 2019 high." "Below 108.43 will alleviate immediate upside pressure for a slide back to the 107.48 April low." "Our medium-term target is 112.23/50, which represents the April 2019 high, the 2020 high and a long… 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.
