The USD/JPY pair is turning bullish on prevalent dollar’s demand as trades in the 106.20 price zone and at fresh four-day highs. USD/JPY faces next resistance at 106.46, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The dollar is up in a quiet start to the week, as investors welcome US President Trump executive orders, ignoring at the same time, mounting tensions between the country and China.” “From a technical point of view, and in the short-term, the pair offers a bullish stance. The 4-hour chart shows that it is advancing above a mildly bullish 20 SMA, also surpassing the 100 SMA, which capped the upside since early July. Technical indicators, in the meantime, turned higher within positive levels.” “A bullish extension seems likely if the USD/JPY pair continues to hold above the 106.00 level, with a steeper advance expected once the pair takes over 106.46, the high set last 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 EUR/JPY Price Analysis: Further decline targets 124.00 FX Street 2 years The USD/JPY pair is turning bullish on prevalent dollar’s demand as trades in the 106.20 price zone and at fresh four-day highs. USD/JPY faces next resistance at 106.46, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The dollar is up in a quiet start to the week, as investors welcome US President Trump executive orders, ignoring at the same time, mounting tensions between the country and China.” “From a technical point of view, and in the short-term, the pair offers a bullish stance. The 4-hour chart shows that it is advancing above a mildly bullish 20 SMA, also surpassing… 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.
