USD/JPY is under pressure ahead of Fed’s Powell testimony. The market is pressure the 108.75 support. USD/JPY daily chart USD/JPY is trading just below the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. In both September and November, the spot has been accelerating to the upside. Fed’s chief, Jerome Powell, is going to be testifying on the economy before a special Congressional commission at 16:00 GMT. Investors will be on the lookout for any clues about the future of monetary policy in the US. USD/JPY four-hour chart USD/JPY is challenging the 108.75 support level while trading just below the 50 and 100 SMAs. If the sellers keep the pressure on the market can continue to drift down towards the 108.47 and 107.93 levels, according to the Technical Confluences Indicator. USD/JPY 30-minute chart USD/JPY is under pressure near 4-day lows. Resistances are seen at the 108.90 and 109.03 price 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 Bifinex is readying the launch of options and gold-backed Tether for early 2020 FX Street 3 years USD/JPY is under pressure ahead of Fed's Powell testimony. The market is pressure the 108.75 support. USD/JPY daily chart USD/JPY is trading just below the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. In both September and November, the spot has been accelerating to the upside. Fed's chief, Jerome Powell, is going to be testifying on the economy before a special Congressional commission at 16:00 GMT. Investors will be on the lookout for any clues about the future of monetary policy in the US. USD/JPY four-hour chart… 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.
