This week USD/JPY consolidated the October bull run. The level to beat for bears is the 108.16 support. USD/JPY daily chart USD/JPY is trading in a bear trend below its 200-day simple moving average (DSMA). The spot is currently retracing down after the October bull run. USD/JPY four-hour chart USD/JPY is above the main SMAs on the four-hour chart, suggesting a positive momentum in the medium term. The level to beat for buyers is the 108.56 resistance followed by the 108.90 level, according to the Technical Confluences Indicator. USD/JPY 30-minute chart USD/JPY is trading below its primary SMAs, suggesting a bearish bias in the near term. Next week, the sellers might target the support levels at 108.16 and 107.70, 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 Wall Street plunges and the DJIA ends down -0.9% FX Street 3 years This week USD/JPY consolidated the October bull run. The level to beat for bears is the 108.16 support. USD/JPY daily chart USD/JPY is trading in a bear trend below its 200-day simple moving average (DSMA). The spot is currently retracing down after the October bull run. USD/JPY four-hour chart USD/JPY is above the main SMAs on the four-hour chart, suggesting a positive momentum in the medium term. The level to beat for buyers is the 108.56 resistance followed by the 108.90 level, according to the Technical Confluences Indicator. USD/JPY 30-minute… 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.
