The USD/JPY pair trades in the 107.60 price zone, with the market in wait-and-see mode. Valeria Bednarik, a Chief Analyst at FXStreet, takes a look at the technical picture. Key quotes “USD/JPY is technically neutral-to-bearish in its 4-hour chart, as the pair is struggling around its 20 SMA while below the larger ones.” “The Momentum indicator hovers around its mid-line, directionless, while the RSI turned south, currently at 46.” “The bearish case will be firmer on a break below 106.95, where the pair bottomed this week.” 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 Japan PM Abe: State of emergency to be expanded nationwide until May 6 FX Street 2 years The USD/JPY pair trades in the 107.60 price zone, with the market in wait-and-see mode. Valeria Bednarik, a Chief Analyst at FXStreet, takes a look at the technical picture. Key quotes “USD/JPY is technically neutral-to-bearish in its 4-hour chart, as the pair is struggling around its 20 SMA while below the larger ones.” “The Momentum indicator hovers around its mid-line, directionless, while the RSI turned south, currently at 46.” “The bearish case will be firmer on a break below 106.95, where the pair bottomed this week.” 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.
