USD/JPY remains confined in a narrow trading band, around 107.50, as it was unable to take over the 200-DMA at 108.40, which if broken would see the pair heading towards the 109.85 June high. On the other way, the 106.00 offers solid support, per Commerzbank. Key quotes “USD/JPY continues to oscillate around the 55-day moving average at 107.41 while remaining below the 200-day moving average at 108.40.” “Above 108.40 lie the 109.85/98 June high and 200-week moving average. Directly above the 200-week moving average sit the 2017-2020 resistance line at 111.02. The 111.71/112.23 February and March highs add weight to this resistance.” “Good support is spotted between the May and June lows at 106.07/105.99.” 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 struggles for a firm direction, stuck in a range around $1775 region FX Street 3 years USD/JPY remains confined in a narrow trading band, around 107.50, as it was unable to take over the 200-DMA at 108.40, which if broken would see the pair heading towards the 109.85 June high. On the other way, the 106.00 offers solid support, per Commerzbank. Key quotes “USD/JPY continues to oscillate around the 55-day moving average at 107.41 while remaining below the 200-day moving average at 108.40.” “Above 108.40 lie the 109.85/98 June high and 200-week moving average. Directly above the 200-week moving average sit the 2017-2020 resistance line at 111.02. The 111.71/112.23 February and March highs add weight to… 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.
