The USD/JPY pair, which extended its advance to 106.21 early Asia, currently trades around the 106.00 level. Bulls will have better chances above 106.35, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The US will publish today the Philadelphia Fed Manufacturing Survey, foreseen in August at 21 from 24.1 in the previous month. Also, the country will unveil Initial Jobless Claims for the week ended August 14, foreseen at 925K from 963K in the previous week.” “The short-term picture is neutral-to-positive, as the pair is barely holding above its 20 and 100 SMA, with the shortest still heading south. Technical indicators, in the meantime, re-entered positive territory, but lack strength enough to confirm a new leg higher. The next Fibonacci resistance level is at 106.35, with a break above it opening doors for a steeper recovery.” 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/CAD extends sideways grind above 1.3200 ahead of US and Canada data FX Street 2 years The USD/JPY pair, which extended its advance to 106.21 early Asia, currently trades around the 106.00 level. Bulls will have better chances above 106.35, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The US will publish today the Philadelphia Fed Manufacturing Survey, foreseen in August at 21 from 24.1 in the previous month. Also, the country will unveil Initial Jobless Claims for the week ended August 14, foreseen at 925K from 963K in the previous week.” “The short-term picture is neutral-to-positive, as the pair is barely holding above its 20 and 100 SMA, with the shortest still heading south.… 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.
