USD/JPY is looking north, having rallied for a third consecutive day on Friday. Further gains, however, could be preceded by a minor pullback. The currency pair is currently trading at 111.98, having clocked a high of 112.08 on Friday. Hourly chart As seen above, the relative strength index has diverged in favor of the bears. The pair, therefore, could trade in a sideways manner for the next few hours or may witness a pullback to 111.64 before capitalization on the “three white soldiers” (three consecutive positive candles) seen in the daily chart. Trend: bearish 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 UK’s Stewart: UK to be forced into Brexit delay if PM May’s deal rejected FX Street 4 years USD/JPY is looking north, having rallied for a third consecutive day on Friday. Further gains, however, could be preceded by a minor pullback. The currency pair is currently trading at 111.98, having clocked a high of 112.08 on Friday. Hourly chart As seen above, the relative strength index has diverged in favor of the bears. The pair, therefore, could trade in a sideways manner for the next few hours or may witness a pullback to 111.64 before capitalization on the "three white soldiers" (three consecutive positive candles) seen in the daily chart. Trend: bearish 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.
