USD/JPY on the way to reach new highs

USD/JPY on the way to reach new highs

USD/JPY continues to trade in a bullish recovery since February 16th lows and it seems we could expect further gains across the board, as the price action remains above the 200 SMA at H1 chart. If the pair manages to break above the February 27th highs, the next target would be the February 21st highs at 107.89. Keep in mind that next mid-term target lies at 108.45, where is located the Fibonacci target of -23.6%.

RSI indicator remains slightly in the negative territory.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera