USD/JPY stays below 50-DMA with Doji on daily chart favoring a pullback. Two-week-old rising trend-line, 23.6% Fibonacci retracement become immediate support. With its repeated failures to cross 50-day simple moving average (DMA) and a Doji candle on Friday, USD/JPY is likely witnessing pullbacks as it trades near 106.90 during early Monday. In doing so, a two-week-old rising trend-line and 23.6% Fibonacci retracement of April-August declines, around 106.35/30, becomes an immediate support to watch. Should prices decline below 106.30, 105.60 and August 12 low near 105.00 could be on the bears’ radar ahead of 104.45. Meanwhile, an upside clearance of 50-DMA level of 107.15 will escalate the pair’s latest recovery towards early June low near 107.80. Though, 50% Fibonacci retracement level of 108.45 and August month high close to 109.30 could please buyers then after. USD/JPY daily 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 NZD/USD technical analysis: Weekly close is pivotal FX Street 4 years USD/JPY stays below 50-DMA with Doji on daily chart favoring a pullback. Two-week-old rising trend-line, 23.6% Fibonacci retracement become immediate support. With its repeated failures to cross 50-day simple moving average (DMA) and a Doji candle on Friday, USD/JPY is likely witnessing pullbacks as it trades near 106.90 during early Monday. In doing so, a two-week-old rising trend-line and 23.6% Fibonacci retracement of April-August declines, around 106.35/30, becomes an immediate support to watch. Should prices decline below 106.30, 105.60 and August 12 low near 105.00 could be on the bears' radar ahead of 104.45. Meanwhile, an upside clearance of 50-DMA… 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.
