China is ready to do a deal on parts of negotiations both sides agree upon. USD/JPY broke above the 107.00 handle on the news, which saw the demand for safe-haven Yen go down. The level to beat for bulls is the 107.40 resistance. USD/JPY daily chart USD/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The market found support near the 50 SMA. USD/JPY four-hour chart USD/JPY is rebounding from the October lows and is now challenging the 107.40 resistance near the 50 SMA. A break above this level should lead to the 107.70 resistance, according to the Technical Confluences Indicator. USD/JPY 30-minute chart The USD/JPY currency pair is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate supports are seen at the 107.20 and 107.00 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 Revealed: The EU’s point-by-point rejection of Johnson’s Brexit plan – The Guardian FX Street 3 years China is ready to do a deal on parts of negotiations both sides agree upon. USD/JPY broke above the 107.00 handle on the news, which saw the demand for safe-haven Yen go down. The level to beat for bulls is the 107.40 resistance. USD/JPY daily chart USD/JPY is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The market found support near the 50 SMA. USD/JPY four-hour chart USD/JPY is rebounding from the October lows and is now challenging the 107.40 resistance near the 50 SMA.… 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.
