USD/JPY is up as US indices are well supported this Wednesday. The levels to beat for bulls are at the 106.31 and 106.69 levels, according to the Technical Confluences Indicator. USD/JPY daily chart USD/JPY is in a bear trend below the main daily simple moving averages (DSMAs). The market has been choppy in the last month of trading, coiling around the 106.00 figure. Despite broad-based USD weakness USD/JPY is firm as the demand for Yen is weak. The risk-on sentiment with US indices in the green is helping USD/JPY to stay afloat. USD/JPY 4-hour chart USD/JPY is challenging the 106.31 resistance above the 50/100 SMAs. Bulls would need a daily close above that level to drive the market up towards the 106.98 resistance, according to the Technical Confluences Indicator. USD/JPY 30-minute chart Dollar/Yen is trading near the weekly highs above the main SMAs, suggesting potential bullish momentum in the near term. Immediate support is seen at the 106.14 and 106.00 level, 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 BTC/USD technical analysis: Bitcoin is looking for support and there is a level coming up FX Street 4 years USD/JPY is up as US indices are well supported this Wednesday. The levels to beat for bulls are at the 106.31 and 106.69 levels, according to the Technical Confluences Indicator. USD/JPY daily chart USD/JPY is in a bear trend below the main daily simple moving averages (DSMAs). The market has been choppy in the last month of trading, coiling around the 106.00 figure. Despite broad-based USD weakness USD/JPY is firm as the demand for Yen is weak. The risk-on sentiment with US indices in the green is helping USD/JPY to stay afloat. USD/JPY 4-hour chart USD/JPY is… 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.
