Karen Jones, analyst at Commerzbank, suggests that they will go with the move to the topside for the USD/JPY pair after last week it eroded the 200 day ma, which was key resistance. Key Quotes “Immediate resistance is 112.23, the 6 th December low, the 112.43 55 quarter moving average and recent high at 113.71. It is underpinned by the 20 day ma at 110.68 and this guards the base of the channel at 109.57. While above here we will assume an upside bias.” “Long term trend (1-3 months): break of the 200 day ma opens path to the 113.71 recent high and the top of the range at 114.55/73.” 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 Bitcoin price prediction: short-term bearish scenario unfolding – Confluence Detector FX Street 4 years Karen Jones, analyst at Commerzbank, suggests that they will go with the move to the topside for the USD/JPY pair after last week it eroded the 200 day ma, which was key resistance. Key Quotes "Immediate resistance is 112.23, the 6 th December low, the 112.43 55 quarter moving average and recent high at 113.71. It is underpinned by the 20 day ma at 110.68 and this guards the base of the channel at 109.57. While above here we will assume an upside bias." "Long term trend (1-3 months): break of the 200 day ma opens path to the 113.71… 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.
