Karen Jones, analyst at Commerzbank points out that the USD/JPY pair is at last seeing failure ahead of much tougher resistance offered by the 200 day ma and the October low at 111.31/41, after last Thursday it charted a key day reversal and we note the divergence of the daily RSI – this is negative. Key Quotes “Focus has shifted to the 20 day ma and 55 day ma at 110.31/08 and this guards the base of the channel at 109.46. Most of our signals remain negative and we continue to favour failure. The base of the channel at 109.46 guards the 107.75/50 band.” 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 JPY futures: further gains not ruled out FX Street 4 years Karen Jones, analyst at Commerzbank points out that the USD/JPY pair is at last seeing failure ahead of much tougher resistance offered by the 200 day ma and the October low at 111.31/41, after last Thursday it charted a key day reversal and we note the divergence of the daily RSI - this is negative. Key Quotes "Focus has shifted to the 20 day ma and 55 day ma at 110.31/08 and this guards the base of the channel at 109.46. Most of our signals remain negative and we continue to favour failure. The base of the channel at 109.46… 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.
