USD/JPY is at the 109.01 target and analysts at Commerzbank allow for profit-taking in the US dollar near-term. Thus, the pair is expected to fall to the 107.60-106.85 region. See – USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally – MUFG Key quotes “USD/JPY has reached the 200-week ma at 109.01, we also have a 55-month ma at 109.25 and the 2016-2021 resistance line at 110.00. If that is not enough we have a 13 count on the daily chart and TD resistance at 109.47. All suggest that we are likely to see some profit-taking imminently and we would continue to tighten stops and lighten up long positions.” “Intraday Elliott wave counts are implying a small retracement to 107.60/106.85 ahead of further strength.” “Initial support lies at 106.22, the mid-February high. Key support remains the uptrend at 105.53.” 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 Gold Price Analysis: XAU/USD challenges 50-HMA on the road to recovery towards $1700 FX Street 1 year USD/JPY is at the 109.01 target and analysts at Commerzbank allow for profit-taking in the US dollar near-term. Thus, the pair is expected to fall to the 107.60-106.85 region. See - USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally - MUFG Key quotes "USD/JPY has reached the 200-week ma at 109.01, we also have a 55-month ma at 109.25 and the 2016-2021 resistance line at 110.00. If that is not enough we have a 13 count on the daily chart and TD resistance at 109.47. All suggest that we are likely to see some… 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.
