USD/JPY takes the bids towards monthly high. Highs marked during September month and October 01 add strength to the support confluence. With its U-turn from near-term key support confluence, USD/JPY flashes 108.65 as a quote during early Tuesday. Prices are likely to challenge monthly high surrounding 109.00 in order to challenge August month’s top near 109.30. On the downside, 50-hour simple moving average on the four-hour chart (4H 50MA), two-week-old rising trend-line, and highs marked during September month and October 01 around 108.50/45 become the key to watch. Should there be increased selling pressure below 108.45, 108.00 and 107.50 could entertain bears ahead of challenging them with 61.8% Fibonacci Retracement of September-October declines, at 106.95. It’s worth pointing out that the pair’s extended weakness past-106.95 could eye 106.50 and September month low close to 105.70. USD/JPY 4-hour chart Trend: bullish 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 GBP/USD: Market turns indecisive near 1.30 amid Brexit uncertainty FX Street 3 years USD/JPY takes the bids towards monthly high. Highs marked during September month and October 01 add strength to the support confluence. With its U-turn from near-term key support confluence, USD/JPY flashes 108.65 as a quote during early Tuesday. Prices are likely to challenge monthly high surrounding 109.00 in order to challenge August month's top near 109.30. On the downside, 50-hour simple moving average on the four-hour chart (4H 50MA), two-week-old rising trend-line, and highs marked during September month and October 01 around 108.50/45 become the key to watch. Should there be increased selling pressure below 108.45, 108.00 and 107.50 could… 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.
