The USD/JPY is eyeing a break above 112.00, having witnessed a bull flag-breakout on the hourly chart in the US session yesterday. However, the upside has been capped by the upper Bollinger band (standard deviation of +2, -2 on the 20-hour moving average). So, what bull need now is a convincing move above the resistance of the upper Bollinger band, currently located at 111.81. Hourly chart Spot Rate: 111.70 Daily High: 111.78 Daily Low: 111.61 Trend: Bullish above 111.81 Resistance 111.81 (resistance of the hourly chart Bollinger band) 112.15 (August 1 high) 112.56 (76.4 percent Fibonacci retracement of the drop from 113.18 to 110.59) Support 111.51 (100-hour moving average) 111.29 (200-hour moving average) 110.73 (July 31 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 Australia: Strong retail sales data – TDS FX Street 5 years The USD/JPY is eyeing a break above 112.00, having witnessed a bull flag-breakout on the hourly chart in the US session yesterday. However, the upside has been capped by the upper Bollinger band (standard deviation of +2, -2 on the 20-hour moving average). So, what bull need now is a convincing move above the resistance of the upper Bollinger band, currently located at 111.81. Hourly chart Spot Rate: 111.70 Daily High: 111.78 Daily Low: 111.61 Trend: Bullish above 111.81 Resistance 111.81 (resistance of the hourly chart Bollinger band) 112.15 (August 1 high) 112.56 (76.4 percent Fibonacci retracement of the drop… 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.
