Advertisement
Advertisement
The Most Profitable Forex Advisors 2019
Expert%20Advisor
Advertisement
FortFS
XM.com - Trade Forex with up to 1:888 Leverage and up to $5000 Bonus.
FXRank technical section offers a profound and in-depth text and video Forex and Commodities technical analysis reports done by professional analysts with a great understanding of the market
Advertisement roboforex

USD/JPY: Bottom formation completed? – Commerzbank

Written by By Sandeep Kanihama | 2019-09-11 07:20:54 GMT

According to Axel Rudolph, analyst at Commerzbank, USD/JPY remains above the mid-August high at 106.98, a daily chart close above which has confirmed a bottoming formation with the July and August highs at 108.99/109.32 thus still being in focus.

Key Quotes

“En route are the early June low at 107.81 and the six month resistance line at 108.06. Minor support sits at the 105.74 current September low. Good support below the 105.74 low can be spotted between the midand late August lows and the 200 month moving average at 115.05/104.38. Further down sits the January low at 104.10.”

“Failure at 104.10 would target the 2016 low at 99.00.”

Author

By Sandeep Kanihama
XM

Start Trading With Top Industry Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    octafx
  • Offer: 50% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011
  • octafx
    EXNESS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : CySEC, 178/12 IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
  • EXNESS
    InstaForex
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : RAFMM
  • InstaForex
    FBS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : STP/ECN
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    FXTM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : STP/ECN
  • Regulation : CySEC, 185/12 FCA (UK), 600475
  • FXTM

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    EXNESS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : CySEC, 178/12 IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
  • EXNESS
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    HotForex
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP
  • Regulation : CySEC, 183/12 FSC (Mauritius), 094286
  • HotForex

    Contact us
    fxrank.net@gmail.com