USD/JPY is trading at daily lows near 108.50 as the London session will soon come to an end. USD/JPY is giving back some of the gains made in the early October bull run. USD/JPY daily chart The USD/JPY currency pair is trading in a bear trend below the 200-day simple moving average (DSMA). The spot is currently consolidating the October bull leg below the 109.00 handle. USD/JPY four-hour chart USD/JPY is trading above the main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. The level to beat for bulls is the 108.56 resistance followed by the 108.90 price level, according to the Technical Confluences Indicator. USD/JPY 30-minute chart USD/JPY is trading below the main SMAs, suggesting bearish momentum in the near term. Bears might have taken over and the next relevant support is seen at the 108.16 and 107.70 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 Fed’s Clarida: Monetary policy is not on a preset course FX Street 3 years USD/JPY is trading at daily lows near 108.50 as the London session will soon come to an end. USD/JPY is giving back some of the gains made in the early October bull run. USD/JPY daily chart The USD/JPY currency pair is trading in a bear trend below the 200-day simple moving average (DSMA). The spot is currently consolidating the October bull leg below the 109.00 handle. USD/JPY four-hour chart USD/JPY is trading above the main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. The level to… 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.
