“¢ The pair finally broke out of its multi-day consolidative trading range, held over the past one week or so, and jumped to fresh YTD tops during the mid-European session on Monday. “¢ A sustained move beyond the key 110.00 psychological mark was seen as a key trigger for intraday bullish traders and the latest leg of a sudden pickup over the past couple of hours. “¢ Technical indicators on the 4-hourly chart maintained their bullish bias and have also started gaining positive traction on the daily chart, supporting an extension of the positive momentum. “¢ The set-up now favours a move towards challenging an important confluence resistance – comprising of 55-day SMA and 61.8% Fibonacci retracement level of the 114.21-104.69 downfall. “¢ Despite the constructive outlook, slightly overbought conditions on the 1-hourly chart might turn out to be the only factor keeping a lid on any further up-move amid the prevalent risk-off mood. USD/JPY daily chart USD/JPY Overview: Today Last Price: 110.19 Today Daily change %: 0.36% Today Daily Open: 109.8 Trends: Daily SMA20: 109.42 Daily SMA50: 110.41 Daily SMA100: 111.74 Daily SMA200: 111.27 Levels: Previous Daily High: 109.9 Previous Daily Low: 109.65 Previous Weekly High: 110.16 Previous Weekly Low: 109.43 Previous Monthly High: 110 Previous Monthly Low: 104.75 Daily Fibonacci 38.2%: 109.74 Daily Fibonacci 61.8%: 109.8 Daily Pivot Point S1: 109.66 Daily Pivot Point S2: 109.53 Daily Pivot Point S3: 109.41 Daily Pivot Point R1: 109.92 Daily Pivot Point R2: 110.03 Daily Pivot Point R3: 110.17 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 Cryptocurrencies market update: Tron launches BitTorrent Token airdrops as market retreats FX Street 4 years "¢ The pair finally broke out of its multi-day consolidative trading range, held over the past one week or so, and jumped to fresh YTD tops during the mid-European session on Monday. "¢ A sustained move beyond the key 110.00 psychological mark was seen as a key trigger for intraday bullish traders and the latest leg of a sudden pickup over the past couple of hours. "¢ Technical indicators on the 4-hourly chart maintained their bullish bias and have also started gaining positive traction on the daily chart, supporting an extension of the positive… 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.
