USD/JPY goes on rallying with resistance seen next at 109.39/52 and with the ‘measured base objective’ at 110.20, analysts at Credit Suisse apprise. UOB Group suggests a potential move to the 109.00 yardstick and beyond. Key quotes of Credit Suisse “With the 50% retracement of the March/May fall at 108.85 cleared with ease we maintain our bullish bias with resistance next at 109.39/52 – the April high and 61.8% retracement – with the ‘measured base objective’ seen at 110.20.” “An overshoot to the 78.6% retracement at 110.49 should be allowed for, but we look for this to cap at first.” “Support is seen at 108.83/80 initially, with the 200-day average and yesterday’s low at 108.49/39 ideally holding to keep the immediate risk higher.” 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 USD/CNH: Deeper retracement lies below 7.0850 – UOB FX Street 3 years USD/JPY goes on rallying with resistance seen next at 109.39/52 and with the ‘measured base objective’ at 110.20, analysts at Credit Suisse apprise. UOB Group suggests a potential move to the 109.00 yardstick and beyond. Key quotes of Credit Suisse “With the 50% retracement of the March/May fall at 108.85 cleared with ease we maintain our bullish bias with resistance next at 109.39/52 – the April high and 61.8% retracement – with the ‘measured base objective’ seen at 110.20.” “An overshoot to the 78.6% retracement at 110.49 should be allowed for, but we look for this to cap at first.”… 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.
