- Buyers are keeping the main bull trend alive.
- USD/JPY is consolidating in a bull flag pattern after the advance seen in the last days. A bull breakout above the pattern should target 112.15 swing high.
- A sustained bear breakout below 110.75 would invalidate the bullish bias.
Spot rate: 111.14
Relative change: 0.06%
High: 111.37
Low: 110.95
Main trend: Bullish
Resistance 1: 111.45 August 8 high
Resistance 2: 111.54-111.64 area, August 6, high and supply/demand level
Resistance 3: 112.15 August 1, swing high
Support 1: 111.00 figure
Support 2: 110.75, July 23 low
Support 3: 110.58 July 26 swing low
Support 4: 110.40 supply/demand level
Support 5: 110.10 August 13 swing low
Support 6: 109.91-97 area, 200 and 100-day simple moving average
Support 7: 109.37 June 25 swing low
Support 8: 109.19 June 8 low
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