After a ten-days consolidation, Dollar/Yen sharply broke to the upside trading at levels not seen since May 2019. The level to beat for bulls is the 111.50 resistance. USD/JPY daily chart USD/JPY is soaring and about to end the New York session above the 111.00 figure while closing a gap from May 2019. The quote is trading in a bull channel while above the main daily simple moving averages (SMAs). The spot is having an above-average intraday rally as the average daily range is almost four times larger than usual. USD/JPY four-hour chart USD/JPY is trading at nine-month highs as the market is spiking above its main SMAs. After the break of the last ten days, the spot broke through several resistance levels as the better market mood and USD strength took its toll on the currency pair. As the market is about to roll into Asia, USD/JPY is challenging the 111.50 resistance level. Bulls want to extend gains about this level and reach the 111.95 and 111.41 price levels. Support is seen near the 110.69, 110.34 and 109.88 levels, according to the Technical Confluences Indicator. Resistance: 111.50, 111.95, 111.41 Support: 110.69, 110.34, 109.88 Additional key levels 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 Forex Today: Fears ease, dollar keeps running FX Street 2 years After a ten-days consolidation, Dollar/Yen sharply broke to the upside trading at levels not seen since May 2019. The level to beat for bulls is the 111.50 resistance. USD/JPY daily chart USD/JPY is soaring and about to end the New York session above the 111.00 figure while closing a gap from May 2019. The quote is trading in a bull channel while above the main daily simple moving averages (SMAs). The spot is having an above-average intraday rally as the average daily range is almost four times larger than usual. USD/JPY four-hour chart USD/JPY is trading… 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.
