USD/JPY could challenge last week’s highs above 111.80, having confirmed a flag breakout with a move above 111.53 in early Asia, according to the hourly line chart. A flag breakout usually extends the preceding bullish move. So, there is scope for a rally toward 112.38 (target as per the measured move method). The bullish setup would be invalidated if the spot finds acceptance below 111.50. Hourly chart Trend: Bullish 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 FinMin Hammond: “Significant numbers” of MPs support May’s plan, but “not there yet” FX Street 4 years USD/JPY could challenge last week's highs above 111.80, having confirmed a flag breakout with a move above 111.53 in early Asia, according to the hourly line chart. A flag breakout usually extends the preceding bullish move. So, there is scope for a rally toward 112.38 (target as per the measured move method). The bullish setup would be invalidated if the spot finds acceptance below 111.50. Hourly chart Trend: Bullish 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.
