USD/JPY has at last sold off again and the price is now below the daily Ichimoku cloud support where Japanese traders will pay particular attention to. The lagging span has also pierced into the cloud which will be monitored for when it clears the cloud, the case for an extended trend to the downside will be confirmed. Rebounds should remain tepid and if they fail to break the prior fractal low at 110.84, 10th April daily candle, this is likely to trigger losses to the 109.70, 27the March low guarding the 38.2% retracement target at 109.50. A break there opens risk to 107.70 and 10. Jan lows with the influence of the 61.8% Fibo key target. Daily chart 4 Hourly chart (trickle room to 127.20% extension ahead of 110.03 in the near term) Extra reading: USD/JPY at fresh lows as stocks extend decline while trade tensions hit markets – WSJ/SCWP 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 EUR/USD steadies below 1.12, looks to close in red pressured by sour sentiment FX Street 3 years USD/JPY has at last sold off again and the price is now below the daily Ichimoku cloud support where Japanese traders will pay particular attention to. The lagging span has also pierced into the cloud which will be monitored for when it clears the cloud, the case for an extended trend to the downside will be confirmed. Rebounds should remain tepid and if they fail to break the prior fractal low at 110.84, 10th April daily candle, this is likely to trigger losses to the 109.70, 27the March low guarding the 38.2% retracement target at 109.50. A break… 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.
