USD/JPY remains trapped in a sideways consolidation. The level to beat for sellers is the 108.45 support. USD/JPY daily chart USD/JPY is trading in a downtrend below its 200-day simple moving average (DMA). The market is in consolidation mode after the October bull run. USD/JPY four-hour chart USD/JPY is trading sideways near its 50 SMA on the four-hour chart, suggesting a neutral bias in the medium term. Bulls need to overcome the 108.70 resistance to travel towards the 108.95 price level, according to the Technical Confluences Indicator. Further up lies the 109.16 level. USD/JPY 30-minute chart USD/JPY is trading near daily lows near the 108.56 resistance. Support is seen at the 108.45 and 108.15 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 Breaking: GBP/USD tumbles down on UK election rumors FX Street 3 years USD/JPY remains trapped in a sideways consolidation. The level to beat for sellers is the 108.45 support. USD/JPY daily chart USD/JPY is trading in a downtrend below its 200-day simple moving average (DMA). The market is in consolidation mode after the October bull run. USD/JPY four-hour chart USD/JPY is trading sideways near its 50 SMA on the four-hour chart, suggesting a neutral bias in the medium term. Bulls need to overcome the 108.70 resistance to travel towards the 108.95 price level, according to the Technical Confluences Indicator. Further up lies the… 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.
