USD/JPY takes recovers from near-term key support-line. Bearish MACD, sustained trading below 50-bar EMA, multi-day old resistance-line keep buyers away. Despite taking the U-turn from a two-month-old descending trend-line, USD/JPY is still far from being strong as it takes the rounds to 105.30 ahead of the European session on Monday. On the fundamental side, latest trade accord between the US and Japan triggered the pair’s upswing while uncertainty surrounding the automobiles and lack of clarity on the deal keeps the pair under pressure. 12-bar moving average convergence and divergence (MACD) keeps its bearish signal intact, which in turn highlights the importance of 104.57 support-line figure for sellers. Given the bears keep dominating below 104.57, late-2016 lows surrounding 102.50 could become their favorites. Meanwhile, 106.16/20 confluence including 50-bar exponential moving average (EMA) and a six-day long horizontal-line can keep buyers away, which if broken could escalate the recovery towards a downward sloping resistance-line since August 01, at 106.60. USD/JPY 4-hour chart Trend: Pullback expected 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 Forex Today: Volatile in Asia as US-China trade risks mount; German IFO, Brexit eyed FX Street 4 years USD/JPY takes recovers from near-term key support-line. Bearish MACD, sustained trading below 50-bar EMA, multi-day old resistance-line keep buyers away. Despite taking the U-turn from a two-month-old descending trend-line, USD/JPY is still far from being strong as it takes the rounds to 105.30 ahead of the European session on Monday. On the fundamental side, latest trade accord between the US and Japan triggered the pair's upswing while uncertainty surrounding the automobiles and lack of clarity on the deal keeps the pair under pressure. 12-bar moving average convergence and divergence (MACD) keeps its bearish signal intact, which in turn highlights the… 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.
