After the recent sharp sell-off, USD/JPY is stabilizing near 109.70 on Friday.  Do the bears have what it takes to continue the bear trend or will bulls take the lead and bring the market above 110.00 figure? USD/JPY daily chart USD/JPY is trading in a bear leg below its main simple moving averages (SMAs). USD/JPY is trading at its lowest since February. USD/JPY 4-hour chart USD/JPY is trading steeply down below the 110.00 figure and the main SMAs suggesting a bearish bias in the medium-term. USD/JPY 30-minute chart USD/JPY is trading down below its main SMAs suggesting bearish momentum in the short-term. Bulls are trying to stabilize the market near 109.70. However, bears will try to breach 109.50 to target 109.30 level. Resistances are seen at 110.00 and 110.30.  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 Ripple market update: XRP/USD defies Bitcoin surge as it gives in to bear pressure FX Street 3 years After the recent sharp sell-off, USD/JPY is stabilizing near 109.70 on Friday.  Do the bears have what it takes to continue the bear trend or will bulls take the lead and bring the market above 110.00 figure? USD/JPY daily chart USD/JPY is trading in a bear leg below its main simple moving averages (SMAs). USD/JPY is trading at its lowest since February. USD/JPY 4-hour chart USD/JPY is trading steeply down below the 110.00 figure and the main SMAs suggesting a bearish bias in the medium-term. USD/JPY 30-minute chart USD/JPY is trading down below its main SMAs suggesting bearish momentum… 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.
