“¢ Bullish traders showed some resilience below the key 110.00 psychological mark, with the pair managing to recover early lost ground to near two-month lows. “¢ A cluster of important moving averages (100 & 200-day) and 38.2% Fibonacci retracement level extended some support and helped stall the recent downfall. “¢ Stay above the mentioned confluence region is likely to support an intraday bullish bias, while a sustained move below will shift the bias to bearish. USD/JPY daily chart Spot Rate: 110.08 Daily Low: 109.77 Trend: Neutral Resistance R1: 110.51 (R1 daily pivot-point) R2: 110.68 (overnight swing high) R3: 110.90 (horizontal zone) Support S1: 109.77 (current day swing low) S2: 109.58 (S2 daily pivot-point) S3: 109.37 (late-June swing low) 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 SEK: Election risks coming into play more forcefully – ING FX Street 3 years "¢ Bullish traders showed some resilience below the key 110.00 psychological mark, with the pair managing to recover early lost ground to near two-month lows. "¢ A cluster of important moving averages (100 & 200-day) and 38.2% Fibonacci retracement level extended some support and helped stall the recent downfall. "¢ Stay above the mentioned confluence region is likely to support an intraday bullish bias, while a sustained move below will shift the bias to bearish. USD/JPY daily chart Spot Rate: 110.08 Daily Low: 109.77 Trend: Neutral Resistance R1: 110.51 (R1 daily pivot-point)… Top 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.
