USD/JPY remains firm above short-term rising trend-line. 106.65/70 remains as the key upside barrier. With one-week-old upward sloping trend-line portraying the USD/JPY pair’s strength, the quote takes the bids to 106.60 heading to the Europe market open on Friday. Buyers’ immediate attention will be on 106.65/70 horizontal-area comprising multiple highs since early-month, a break of which can quickly propel the prices to 107.00 whereas July month low near 107.21 could please buyers afterward. On the contrary, 23.6% Fibonacci retracement level of 106.50 can serve as immediate support ahead of highlighting 106.30 support-line. In a case where sellers sneak in and break the key trend-line support, 50% Fibonacci retracement of 106.00 and August 14 low around 105.65 could be on their radars. USD/JPY hourly chart Trend: Bullish 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 Asia: A new wave of easing redux – TD Securities FX Street 4 years USD/JPY remains firm above short-term rising trend-line. 106.65/70 remains as the key upside barrier. With one-week-old upward sloping trend-line portraying the USD/JPY pair's strength, the quote takes the bids to 106.60 heading to the Europe market open on Friday. Buyers' immediate attention will be on 106.65/70 horizontal-area comprising multiple highs since early-month, a break of which can quickly propel the prices to 107.00 whereas July month low near 107.21 could please buyers afterward. On the contrary, 23.6% Fibonacci retracement level of 106.50 can serve as immediate support ahead of highlighting 106.30 support-line. In a case where sellers sneak in and… 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.
