“¢ The pair struggled to capitalize on its intraday bounce from over six-week lows and oscillated in a narrow trading band around the 110.00 handle through the early North-American session. “¢ Given last week’s bearish break below 2-1/2-month-old ascending trend-line, the attempted recovery move might still be categorized as corrective amid oversold conditions on the 4-hourly chart. “¢ Meanwhile, bearish technical indicators on the daily chart support prospects for an extension of the depreciating and will be reaffirmed on a sustained break below the 109.70-60 support zone. “¢ Below the mentioned region, the pair is likely to accelerate the fall further towards 109.35 support before eventually dropping to test the 109.00 round figure mark and 108.75 horizontal level. USD/JPY daily chart 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 US Dollar Index remains under pressure around 96.50 FX Street 4 years "¢ The pair struggled to capitalize on its intraday bounce from over six-week lows and oscillated in a narrow trading band around the 110.00 handle through the early North-American session. "¢ Given last week's bearish break below 2-1/2-month-old ascending trend-line, the attempted recovery move might still be categorized as corrective amid oversold conditions on the 4-hourly chart. "¢ Meanwhile, bearish technical indicators on the daily chart support prospects for an extension of the depreciating and will be reaffirmed on a sustained break below the 109.70-60 support zone. "¢ Below the mentioned region,… 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.
