USD/JPY loses bullish momentum this Friday as the NFP (Non-farm Payrolls) data disappoints. The levels to beat for bears is at the 106.70 support level, 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 has tested the 107.00 figure and the 50 SMA on the daily time-frame. Earlier in the New York session, the Non-farm Payrolls (NFP) in the United States (US) came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average Hourly Earnings, beat expecations with 3.2% vs. 3.1% forecast. USD/JPY 4-hour chart USD/JPY is challenging the 106.31 support level above the main SMAs. Bulls would need a daily close above 106.98 resistance to generate buying interest, according to the Technical Confluences Indicator. USD/JPY 30-minute chart Dollar/Yen is retreating from the weekly below the 50 SMA, suggesting a potential correction down in the near term. It is likely that bear will try to break below 106.70 to reach 106.32 price level next week, 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 USD/CAD drops further toward 1.3150 amid a weaker US Dollar FX Street 4 years USD/JPY loses bullish momentum this Friday as the NFP (Non-farm Payrolls) data disappoints. The levels to beat for bears is at the 106.70 support level, 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 has tested the 107.00 figure and the 50 SMA on the daily time-frame. Earlier in the New York session, the Non-farm Payrolls (NFP) in the United States (US) came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average… 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.
