Wall Street indices are in the green this Wednesday, lessening the demand for the Japanese Yen. The level to beat for bulls is the 108.70 resistance. USD/JPY daily chart USD/JPY is trading in a bear trend below the 200-day simple moving average (DSMA). The spot is correcting the October bull run. The intraday positive sentiment in Wall Street is diminishing the demand for Yen, helping USD/JPY to climb to daily highs. USD/JPY four-hour chart USD/JPY is trading above the 108.56 resistance and the main SMAs on the four-hour chart, suggesting a bullish momentum in the medium term. If the 108.70 resistance is broken, there seems to be little relevant resistance before the 108.95 price level, according to the Technical Confluences Indicator. Further up lies the 109.16 level. USD/JPY 30-minute chart USD/JPY is trading above its major SMAs on the 30-minute chart, suggesting a bullish bias in the near term. Support is seen at the 108.56 and 108.45 price levels, according to the Technical Confluences Indicator. Additional key levels 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 EU27 likely to agree to a three-month extension to Brexit – Reuters FX Street 3 years Wall Street indices are in the green this Wednesday, lessening the demand for the Japanese Yen. The level to beat for bulls is the 108.70 resistance. USD/JPY daily chart USD/JPY is trading in a bear trend below the 200-day simple moving average (DSMA). The spot is correcting the October bull run. The intraday positive sentiment in Wall Street is diminishing the demand for Yen, helping USD/JPY to climb to daily highs. USD/JPY four-hour chart USD/JPY is trading above the 108.56 resistance and the main SMAs on the four-hour chart, suggesting… 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.
