USD/JPY broke to the upside after 6 days of consolidation. USD/JPY reached the 111.80 resistance and the market is currently consolidating just above the level. USD/JPY bullish momentum is back in place with the gap between the simple moving averages widening. However, as USD/JPY has exceeded its average daily range, any further gains might be limited. The next scaling point to the upside is seen near 112.19-112.40 area while support is seen near 110.58 and 111.39 May 21 swing high. USD/JPY 15-minute chart Spot rate: 111.89 Relative change: 0.74% High: 111.96 Low: 110.74 Trend: Bullish Resistance 1: 112.19-112.40 area, July 11 high and intraday swing low Resistance 2: 112.64 July 12 high Resistance 3: 113.18, 2018 high Resistance 4: 113.26-113.38, 200-weekly simple moving average and January 8 highResistance 5: 114.45 October 27, 2017 high Support 1: 111.39 May 21 swing high Support 2: 111.02-111.16 previous intraday swing lows Support 3: 110.90 June 15 swing high Support 4: 110.75, July 23 low Support 5: 110.58 July 26 low Support 6: 110.27 July 4 low 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 Dallas Fed: Texas service sector activity accelerated in July FX Street 5 years USD/JPY broke to the upside after 6 days of consolidation. USD/JPY reached the 111.80 resistance and the market is currently consolidating just above the level. USD/JPY bullish momentum is back in place with the gap between the simple moving averages widening. However, as USD/JPY has exceeded its average daily range, any further gains might be limited. The next scaling point to the upside is seen near 112.19-112.40 area while support is seen near 110.58 and 111.39 May 21 swing high. USD/JPY 15-minute chart Spot rate: 111.89 Relative change: … 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.
