USD/JPY has completed a top below 108.41/33 to turn the risk lower, with support seen next at the 38.2% retracement of the Q1 rally and 55-day average at 107.82/77, with the “measured top objective” a lot lower at 106.05,as reported by the Credit Suisse analyst team. USD/JPY has completed a top, turning the near-term risk lower “We see support at the 38.2% retracement of the Q1 rally and 55-day average at 107.82/77, which we would look to hold at first. This though would be seen as a temporary hold ahead of a move to the uptrend from January at 107.56 next. Below this latter level should then further reinforce the change of trend lower with support seen next at 106.78 and with the ‘measured top objective’ seen a lot lower at 106.05.” “Immediate resistance is seen at 108.30/32, then the ‘neckline’ to the top at 108.59/69, with 109.10 needing to cap to see the top and our now tactical bearish outlook maintained.” 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 GBP/JPY Price Analysis: Faces rejection at critical hurdle amid overbought conditions FX Street 2 years USD/JPY has completed a top below 108.41/33 to turn the risk lower, with support seen next at the 38.2% retracement of the Q1 rally and 55-day average at 107.82/77, with the "measured top objective" a lot lower at 106.05,as reported by the Credit Suisse analyst team. USD/JPY has completed a top, turning the near-term risk lower "We see support at the 38.2% retracement of the Q1 rally and 55-day average at 107.82/77, which we would look to hold at first. This though would be seen as a temporary hold ahead of a move to the uptrend from January at 107.56… 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.
