USD/JPY is clinging to weekly highs near 108.75 level The level to beat for bulls is the 108.95 resistance. USD/JPY daily chart USD/JPY is trading in a downtrend below its 200-day simple moving average (DMA). However, since August, the spot has been rebounding sharply. USD/JPY four-hour chart USD/JPY is trading sideways above its main SMAs on the four-hour chart, suggesting a neutral to bullish bias in the medium term. Bulls need to overcome the 108.95 resistance to travel towards the 109.16, 109.60 and 110.00 price levels, according to the Technical Confluences Indicator. USD/JPY 30-minute chart USD/JPY is trading above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 108.70 and 108.85 levels, according to the Technical Confluences Indicator. Additional key levels 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 USD/MXN hits fresh monthly lows, closer to 19.00 FX Street 3 years USD/JPY is clinging to weekly highs near 108.75 level The level to beat for bulls is the 108.95 resistance. USD/JPY daily chart USD/JPY is trading in a downtrend below its 200-day simple moving average (DMA). However, since August, the spot has been rebounding sharply. USD/JPY four-hour chart USD/JPY is trading sideways above its main SMAs on the four-hour chart, suggesting a neutral to bullish bias in the medium term. Bulls need to overcome the 108.95 resistance to travel towards the 109.16, 109.60 and 110.00 price levels, according to the Technical Confluences Indicator.… 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.
