Analysts at Scotiabank argued that USD/JPY short-term technicals are neutral-bearish. Key Quotes: “Momentum indicators are shifting and the RSI has fallen into bearish territory below 50. The DMI’s have converged and are now bearishly aligned.” “USD/JPY is once again threatening its 50 day MA (109.62) and we note the absence of any material support between 109.20 and 108.80.” “We look to resistance in the area between 110 and the 200 day MA at 110.22.” 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 Ethereum Technical Analysis: ETH/USD vital near-term support eyed at $440 area, if this fails to hold, price could go back into free-fall mode FX Street 4 years Analysts at Scotiabank argued that USD/JPY short-term technicals are neutral-bearish. Key Quotes: "Momentum indicators are shifting and the RSI has fallen into bearish territory below 50. The DMI's have converged and are now bearishly aligned." "USD/JPY is once again threatening its 50 day MA (109.62) and we note the absence of any material support between 109.20 and 108.80." "We look to resistance in the area between 110 and the 200 day MA at 110.22." 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.
