USD/JPY fails to stay strong beyond 23.6% Fibonacci retracement of the current month upside. 50 and 200-bar SMA join 50% Fibonacci retracement to determine the key support confluence. USD/JPY declines from the two week high while taking rounds to 109.00 during early Tuesday. The pair fails to remain strong above 23.6% Fibonacci retracement level, which in turn highlights the importance of 108.70/65 support confluence that includes 50 and 200-bar Simple Moving Averages (SMAs), together with 50% Fibonacci Retracement. In a case whereas sellers ignore 108.65 support, 61.8% Fibonacci retracement level of 108.50 and mid-month low near 108.23 could interrupt the south-run to monthly bottom surrounding 107.90. Alternatively, pair’s break of 23.6% Fibonacci retracement level of 109.11 could keep upside momentum intact towards 109.30 and monthly tops close to 109.50. USD/JPY 4-hour chart Trend: Pullback expected 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 Overnight offshore Yuan HIBOR set at highest since Aug. 26 FX Street 3 years USD/JPY fails to stay strong beyond 23.6% Fibonacci retracement of the current month upside. 50 and 200-bar SMA join 50% Fibonacci retracement to determine the key support confluence. USD/JPY declines from the two week high while taking rounds to 109.00 during early Tuesday. The pair fails to remain strong above 23.6% Fibonacci retracement level, which in turn highlights the importance of 108.70/65 support confluence that includes 50 and 200-bar Simple Moving Averages (SMAs), together with 50% Fibonacci Retracement. In a case whereas sellers ignore 108.65 support, 61.8% Fibonacci retracement level of 108.50 and mid-month low near 108.23 could interrupt 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.
