“¢ The pair’s overnight slump, triggered by more than previously anticipated dovish FOMC, confirmed a decisive break through a 2-1/2-month-old ascending trend-channel. “¢ The bearish trajectory extended through the Asian/early European session on Thursday and dragged the pair to its lowest level since late-February, or over three-week lows. “¢ Given that daily technical indicators have just started gaining negative momentum, the set-up now supports prospects for an extension of the near-term bearish trajectory. “¢ The downward momentum seems more likely to get extended towards the key 110.00 psychological mark before the pair eventually drops to test the 109.60 horizontal support. USD/JPY daily chart 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 FOMC to remain on hold in coming months – Westpac FX Street 4 years "¢ The pair's overnight slump, triggered by more than previously anticipated dovish FOMC, confirmed a decisive break through a 2-1/2-month-old ascending trend-channel. "¢ The bearish trajectory extended through the Asian/early European session on Thursday and dragged the pair to its lowest level since late-February, or over three-week lows. "¢ Given that daily technical indicators have just started gaining negative momentum, the set-up now supports prospects for an extension of the near-term bearish trajectory. "¢ The downward momentum seems more likely to get extended towards the key 110.00 psychological mark before the pair… 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.
