The US Dollar continues to show signs of strength as the USD/JPY pair has reached 108.00, Karen Jones from Commerzbank informs. Key quotes “We note a 13 count on the 240 minute chart and the Elliott wave count on the daily chart is implying that 106.92 was the end of the move.” “We favour recovery and look for a retest of the 112.05/23 February high and 2017-2020 down channel, which we suspect will again hold.” “A slide back below 106.27, the 50% retracement, is required to alleviate immediate upside pressure for focus to revert back to 104.46, the August low.” 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 EUR/USD: Downside beyond 1.0800 – OCBC FX Street 2 years The US Dollar continues to show signs of strength as the USD/JPY pair has reached 108.00, Karen Jones from Commerzbank informs. Key quotes “We note a 13 count on the 240 minute chart and the Elliott wave count on the daily chart is implying that 106.92 was the end of the move.” “We favour recovery and look for a retest of the 112.05/23 February high and 2017-2020 down channel, which we suspect will again hold.” “A slide back below 106.27, the 50% retracement, is required to alleviate immediate upside pressure for focus to revert back to 104.46, the August low.”… 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.
