USD/JPY carries a week-long trading range ignoring early-day PMI. 200-HMA can offer immediate support, 109.00 to question the break over resistance. Following its short-term trading range, the USD/JPY pair takes another U-turn from the range resistance while taking rounds to 108.62 during Thursday’s Asian session. 200-Hour Simple Moving Average (HMA) at 108.55 seems to offer immediate support ahead of the range’s lower-end close to 108.25. In a case of pair’s further declines below 108.25, prices could drop to 108.00 whereas 107.50 might question bears afterward. On the upside, pair’s rise past-108.75, including range resistance, could recall 109.00 on the chart. However, August month high near 109.30 may limit the quote’s additional rise. It’s worth pointing out that after the downbeat performance of Preliminary reading for Jibun Bank Manufacturing PMI for October, 48.5 versus 48.8 forecast, August month Leading Economic Index and Coincident Index will be observed for immediate direction by the Japanese Yen (JPY) traders. USD/JPY hourly chart Trend: sideways 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 price analysis: ETH/USD keeps trending in a downwards channel formation FX Street 3 years USD/JPY carries a week-long trading range ignoring early-day PMI. 200-HMA can offer immediate support, 109.00 to question the break over resistance. Following its short-term trading range, the USD/JPY pair takes another U-turn from the range resistance while taking rounds to 108.62 during Thursday's Asian session. 200-Hour Simple Moving Average (HMA) at 108.55 seems to offer immediate support ahead of the range's lower-end close to 108.25. In a case of pair's further declines below 108.25, prices could drop to 108.00 whereas 107.50 might question bears afterward. On the upside, pair's rise past-108.75, including range resistance, could recall 109.00 on the chart.… 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.
