USD/JPY stays above 200-bar SMA amid bullish MACD. Monthly high holds the key to 110.00. 50% of Fibonacci retracement acts as additional support. USD/JPY remains positive above 200-bar SMA while taking the bids to 108.83 amid initial trading hours on Monday. The pair nears a short-term falling resistance line, at 108.95, a break of which could escalate the recent recovery to the monthly high close to 109.50. However, May 30 top close to 109.95 and 110.00 round-figure could question the pair’s further upside. In a case where buyers keep the reins beyond 110.00, May 21 high of 110.67 will come back on the chart. Also supporting the price run-up is the bullish signal by the 12-bar Moving Average Convergence and Divergence (MACD) indicator. Meanwhile, a downside break of 200-bar Simple Moving Average (SMA), at 108.40 now, can drag the quote to 50% Fibonacci retracement level of October-November upside, at 108.00. Additionally, the monthly bottom surrounding 107.88 and 61.8% Fibonacci retracement level of 107.60 could entertain sellers afterward. USD/JPY 4-hour chart Trend: Bullish 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 China’s PBOC new online course trains people on Facebook’s Libra and cryptocurrencies FX Street 3 years USD/JPY stays above 200-bar SMA amid bullish MACD. Monthly high holds the key to 110.00. 50% of Fibonacci retracement acts as additional support. USD/JPY remains positive above 200-bar SMA while taking the bids to 108.83 amid initial trading hours on Monday. The pair nears a short-term falling resistance line, at 108.95, a break of which could escalate the recent recovery to the monthly high close to 109.50. However, May 30 top close to 109.95 and 110.00 round-figure could question the pair's further upside. In a case where buyers keep the reins beyond 110.00, May 21 high of 110.67 will come… 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.
