The FOMC announced that it left the target interest rates unchanged in 1.75-2.00% range and USD/JPY fell to the 111.39 support from which it is now rebounding. USD/JPY is trying to regain the ground lost on Wednesday as it trying to keep prices above the 200-period simple moving average (SMA). The 50 SMA crossed below the 100 SMA suggesting that the market is now losing some bullish momentum in the near-term. Failure to recapture 111.82-112.00 would be seen as a bearish sign. Supports lie at 111.39 and 111.02-111.16 area. USD/JPY 15-minute chart Spot rate: 111.61 Relative change: -0.22% High: 112.17 Low: 111.39 Trend: Bullish / Bearish reversal risk below 111.82-112.00 Resistance 1: 111.64 supply/demand level Resistance 2: 111.82-112.00 area, supply level and figure Resistance 3: 112.19-112.40 area, July 11 high and intraday swing low Resistance 4: 112.64 July 12 high Resistance 5: 113.18, 2018 high Resistance 6: 113.26-113.38, 200-weekly simple moving average and January 8 highResistance 7: 114.45 October 27, 2017 high Support 1: 111.39 May 21 swing high Support 2: 111.02-111.16 area 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 NEO Technical Analysis: NEO/USD drops 16% within 4 consecutive sessions of hard losses, no slow down of selling pressure for the market FX Street 5 years The FOMC announced that it left the target interest rates unchanged in 1.75-2.00% range and USD/JPY fell to the 111.39 support from which it is now rebounding. USD/JPY is trying to regain the ground lost on Wednesday as it trying to keep prices above the 200-period simple moving average (SMA). The 50 SMA crossed below the 100 SMA suggesting that the market is now losing some bullish momentum in the near-term. Failure to recapture 111.82-112.00 would be seen as a bearish sign. Supports lie at 111.39 and 111.02-111.16 area. USD/JPY 15-minute chart Spot rate: … 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.
