USD/JPY holds on to modest intraday gains this Monday. The levels to beat for bulls is the 170.25 resistance, according to the Technical Confluences Indicator. USD/JPY daily chart USD/JPY is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is testing the 107.00 figure and the 50 SMA on the daily time-frame. USD/JPY 4-hour chart USD/JPY is trading above the main SMAs, suggesting bullish momentum in the medium term. Bulls’s objective is to break beyond 107.25 resistance on a daily closing basis. Further up resistances are seen at 107.53 and 108.20 price levels, according to the Technical Confluences Indicator. USD/JPY 30-minute chart Dollar/Yen is trading above its main SMAs, suggesting bullish momentum in the near term. Support is seen at 106.62. However, a daily close below that level would be seen as negative for USD/JPY. Further down lies 106.40 support, 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 WTI remains bid in US session on OPEC production cut sentiment FX Street 4 years USD/JPY holds on to modest intraday gains this Monday. The levels to beat for bulls is the 170.25 resistance, according to the Technical Confluences Indicator. USD/JPY daily chart USD/JPY is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is testing the 107.00 figure and the 50 SMA on the daily time-frame. USD/JPY 4-hour chart USD/JPY is trading above the main SMAs, suggesting bullish momentum in the medium term. Bulls's objective is to break beyond 107.25 resistance on a daily closing basis. Further up resistances… 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.
