“¢ Having defended a short-term ascending trend-channel support in the previous session, the pair regained positive traction on Thursday and jumped to one-week tops in the last hour. “¢ A sustained move back above the very important 200-day SMA hurdle near mid-111.00s was seen as a key trigger for intraday bullish traders amid a slight improvement in risk sentiment. “¢ Bullish oscillators on 4-hourly/daily charts support prospects for an extension of the positive momentum, through slightly overbought conditions on the 1-hourly chart warrant caution. “¢ Hence, any subsequent up-move is likely to confront heavy supply near the 111.90-112.00 region, above which the pair could aim to reclaim the 113.00 handle and challenge the channel resistance. USD/JPY daily chart USD/JPY Overview: Today Last Price: 111.7 Today Daily change: 54 pips Today Daily change %: 0.49% Today Daily Open: 111.16 Trends: Daily SMA20: 111.11 Daily SMA50: 110.02 Daily SMA100: 111.31 Daily SMA200: 111.42 Levels: Previous Daily High: 111.47 Previous Daily Low: 111 Previous Weekly High: 112.14 Previous Weekly Low: 110.78 Previous Monthly High: 111.5 Previous Monthly Low: 108.73 Daily Fibonacci 38.2%: 111.18 Daily Fibonacci 61.8%: 111.29 Daily Pivot Point S1: 110.95 Daily Pivot Point S2: 110.75 Daily Pivot Point S3: 110.49 Daily Pivot Point R1: 111.42 Daily Pivot Point R2: 111.68 Daily Pivot Point R3: 111.88 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 UK: Indicative votes on the way? – ING FX Street 4 years "¢ Having defended a short-term ascending trend-channel support in the previous session, the pair regained positive traction on Thursday and jumped to one-week tops in the last hour. "¢ A sustained move back above the very important 200-day SMA hurdle near mid-111.00s was seen as a key trigger for intraday bullish traders amid a slight improvement in risk sentiment. "¢ Bullish oscillators on 4-hourly/daily charts support prospects for an extension of the positive momentum, through slightly overbought conditions on the 1-hourly chart warrant caution. "¢ Hence, any subsequent up-move is likely to… 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.
