USD/JPY nears its mid-March high at 109.36 which is key to see an extension of the uptrend towards the February 2020 high of 112.40, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, briefs. Key quotes “USD/JPY is holding over the recent minor lows at 108.41/34 and nears the mid-March high at 109.36. Together with the 55-month ma at 109.26 and the 2015-2021 downtrend line at 109.07 as well as TD resistance at 109.47 it offer strong resistance.” “If exceeded on a weekly chart closing basis, the April 2019 and February 2020 high at 112.23/40 would be back in play.” “Key support remains the uptrend at 106.34.” 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 Price Analysis: XAU/USD to confirm a bearish bias on sustained weakness below the $1720 support FX Street 8 months USD/JPY nears its mid-March high at 109.36 which is key to see an extension of the uptrend towards the February 2020 high of 112.40, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, briefs. Key quotes "USD/JPY is holding over the recent minor lows at 108.41/34 and nears the mid-March high at 109.36. Together with the 55-month ma at 109.26 and the 2015-2021 downtrend line at 109.07 as well as TD resistance at 109.47 it offer strong resistance." "If exceeded on a weekly chart closing basis, the April 2019 and February 2020 high at 112.23/40 would be back in… Top 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.
