“¢ Overnight recovery attempt was sold into near the key 110.00 psychological mark, coinciding with a short-term symmetrical triangular formation on the 4-hourly chart. “¢ The fact that the pair remains below 50, 100 & 200-period SMA on the said chart reinforces overnight bearish breakdown and prospects for an additional near-term downside. “¢ Short-term technical indicators have struggled to move back into positive territory and add credence to the negative outlook. USD/JPY 4-houly chart Spot Rate: 109.62 Daily High: 109.78 Daily Low: 109.39 Trend: Bearish Resistance R1: 109.89 (triangle support break-point turned resistance) R2: 110.00 (psychological round figure mark) R3: 110.21 (the very important 200-day SMA) Support S1: 109.37 (current/previous day swing low) S2: 109.05 (S2 daily pivot-point) S3: 108.72 (monthly low set on June 1) 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: Strength may be limited – AmpGFX FX Street 4 years "¢ Overnight recovery attempt was sold into near the key 110.00 psychological mark, coinciding with a short-term symmetrical triangular formation on the 4-hourly chart. "¢ The fact that the pair remains below 50, 100 & 200-period SMA on the said chart reinforces overnight bearish breakdown and prospects for an additional near-term downside. "¢ Short-term technical indicators have struggled to move back into positive territory and add credence to the negative outlook. USD/JPY 4-houly chart Spot Rate: 109.62 Daily High: 109.78 Daily Low: 109.39 Trend: Bearish Resistance R1: 109.89 (triangle support break-point turned resistance) R2:… 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.
