The mid-term elections in the US should steal the show in the Asian sesssion. USD/JPY contained in a tiny range below 113.55 resistance ahead of the event. USD/JPY is trading up 0.13% near the 113.55 resistance this Tuesday. Bulls have been trying to break this level since late October but so far all attempts have failed. The currency pair is evolving in a 35-pip range ahead of the US mid-rem elections. The results should be revealed between midnight and 6:00 GMT. Recent polls suggest that Republicans might lose control of the House, which can keep the US Dollar under some relative pressure, therefore helping USD/JPY to potentially  go down.  On the macroeconomic front, earlier in the session the ISM services index rose to 60.3 in October versus 59.3 forecast in favor of the Greenback.  The technical pictures remain predominantly neutral to bearish with 113.55 acting as strong resistance in the last weeks of trading. The 113.00 figure is the support to beat for bears. A break below that level can open the doors to 112.55 September 27 low. On the flip side, a break above 113.55 on a daily closing basis could lead to a bull leg to 114.00 figure and 114.57 October high.  USD/JPY 4-hour chart Additional key levels at a glance: USD/JPY Overview:     Last Price:  113.36     Daily change:  14  pips     Daily change:  0.124%     Daily Open:  113.22 Trends:     Daily SMA20:  112.52     Daily SMA50:  112.39     Daily SMA100:  111.73     Daily SMA200:  109.95 Levels:     Daily High:  113.35     Daily Low:  113.08     Weekly High:  113.4     Weekly Low:  111.78     Monthly High:  114.56     Monthly Low:  111.38     Daily Fibonacci 38.2%:  113.24     Daily Fibonacci 61.8%:  113.18     Daily Pivot Point S1:  113.08     Daily Pivot Point S2:  112.94     Daily Pivot Point S3:  112.8     Daily Pivot Point R1:  113.35     Daily Pivot Point R2:  113.49     Daily Pivot Point R3:  113.63  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 Ripple’s XRP profit taking kicks in, near-term support broken for XRP/USD FX Street 4 years The mid-term elections in the US should steal the show in the Asian sesssion. USD/JPY contained in a tiny range below 113.55 resistance ahead of the event. USD/JPY is trading up 0.13% near the 113.55 resistance this Tuesday. Bulls have been trying to break this level since late October but so far all attempts have failed. The currency pair is evolving in a 35-pip range ahead of the US mid-rem elections. The results should be revealed between midnight and 6:00 GMT. Recent polls suggest that Republicans might lose control of the House, which can keep the US Dollar under some… 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.
