“¢ A global wave of risk-aversion trade, triggered by mounting Italian budget worries, has started weighing on JPY pairs in general. “¢ The pair reversed early uptick to YTD tops and was further dragged down by the ongoing slide in the US Treasury bond yields. “¢ The pair encountered resistance near Dec. swing highs and the risk-off mood prompted some long unwinding amid overbought conditions. “¢ The upside momentum still seems very much intact unless market mood deteriorates further and the pair drops below the 113.30 area. USD/JPY 1-hourly chart Spot Rate: 113.41 Daily High: 113.64 Trend: Bullish above 113.30 zone Resistance R1: 113.64 (YTD tops set earlier today) R2: 113.75 (Dec. 2017 swing high) R3: 114.06 (R3 daily pivot-point) Support S1: 113.15 (horizontal zone) S2: 113.00 (round figure mark) S3: 112.79 (S1 daily pivot-point) 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 Ripple’s Ripple for Good to focus on education and financial inclusion: XRP/USD consolidates losses FX Street 4 years "¢ A global wave of risk-aversion trade, triggered by mounting Italian budget worries, has started weighing on JPY pairs in general. "¢ The pair reversed early uptick to YTD tops and was further dragged down by the ongoing slide in the US Treasury bond yields. "¢ The pair encountered resistance near Dec. swing highs and the risk-off mood prompted some long unwinding amid overbought conditions. "¢ The upside momentum still seems very much intact unless market mood deteriorates further and the pair drops below the 113.30 area. USD/JPY 1-hourly chart… 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.
