Technical indicators are pointing to a break at 110.10 in the USD/JPY pair, according to the chief analyst at FXStreet Valeria Bednarik. Key quotes “USD/JPY is trading above 109.60, near a fresh 2-week high of 109.71. The pair eased just modestly intraday, meeting buyers around 109.30. The pair surged this week amid robust US data fueling Wall Street.” “The US will publish today the official ISM Mon Manufacturing PMI for January, foreseen at 55, unchanged from its previous estimate. Markit will release the Services PMI for the country, and the Composite PMI, both for the same month.” “USD/JPY is poised to extend its advance, according to the 4-hour chart, as it has broken above all of its moving averages.” “The pair would likely extend its advance on a break above 109.80, now the immediate resistance. The next resistance is at 110.10” 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 WTI rallies to fresh tops above the $51.00 mark, EIA in sight FX Street 2 years Technical indicators are pointing to a break at 110.10 in the USD/JPY pair, according to the chief analyst at FXStreet Valeria Bednarik. Key quotes “USD/JPY is trading above 109.60, near a fresh 2-week high of 109.71. The pair eased just modestly intraday, meeting buyers around 109.30. The pair surged this week amid robust US data fueling Wall Street.” “The US will publish today the official ISM Mon Manufacturing PMI for January, foreseen at 55, unchanged from its previous estimate. Markit will release the Services PMI for the country, and the Composite PMI, both for the same month.” “USD/JPY is poised… 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.
