“¢ Against the backdrop of a strong up-move over the past two trading session, the pair’s intraday slide along a downward sloping trend-channel constituted towards the formation of a bullish flag chart pattern on the short-term chart. “¢ A move beyond the trend-channel resistance was seen as a key trigger for bullish traders, with hotter-than expected US PPI print providing an additional boost and lifting the pair back closer to five-week tops set yesterday. “¢ Given that the pair remains comfortably above important intraday moving averages – 50, 100 & 200-hour SMAs, bullish technical indicators on hourly/daily charts further support prospects for an extension of the positive move. “¢ Hence, a follow-through up-move, led by some fresh technical selling on a sustained move beyond the 114.00 handle, now looks a distinct possibility and could lift the pair further towards Oct. swing high, around the 114.50-55 region. USD/JPY 15-mins chart USD/JPY Overview: Last Price: 113.92 Daily change: -7.0 pips Daily change: -0.0614% Daily Open: 113.99 Trends: Daily SMA20: 112.7 Daily SMA50: 112.53 Daily SMA100: 111.83 Daily SMA200: 110.02 Levels: Daily High: 114.02 Daily Low: 113.48 Weekly High: 113.4 Weekly Low: 111.78 Monthly High: 114.56 Monthly Low: 111.38 Daily Fibonacci 38.2%: 113.81 Daily Fibonacci 61.8%: 113.68 Daily Pivot Point S1: 113.64 Daily Pivot Point S2: 113.28 Daily Pivot Point S3: 113.09 Daily Pivot Point R1: 114.18 Daily Pivot Point R2: 114.37 Daily Pivot Point R3: 114.73 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 Eurogroup head Centeno: Hopeful Italy’s Tria will present improved budget FX Street 4 years "¢ Against the backdrop of a strong up-move over the past two trading session, the pair's intraday slide along a downward sloping trend-channel constituted towards the formation of a bullish flag chart pattern on the short-term chart. "¢ A move beyond the trend-channel resistance was seen as a key trigger for bullish traders, with hotter-than expected US PPI print providing an additional boost and lifting the pair back closer to five-week tops set yesterday. "¢ Given that the pair remains comfortably above important intraday moving averages - 50, 100 & 200-hour SMAs, bullish technical… 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.
