“¢ Range-bound price action since the early European session constituted towards formation a rectangular pattern, suggesting a brief pause before the resumption of the prior trend, bullish in case of the USD/JPY pair. “¢ The pattern, however, is not complete until a breakout has occurred and hence, it would be prudent to wait for a sustained move beyond the 113.00 handle before positioning for any further near-term appreciating move. USD/JPY 15-mins chart Spot rate: 112.99 Daily High: 113.08 Daily Low: 112.65 Trend: Sideways Resistance R1: 113.11 (R1 daily pivot-point) R2: 113.39 (YTD tops set on Jan. 8) R3: 113.79 (R3 monthly pivot-point) Support S1: 112.80 (horizontal zone) S2: 112.47 (S2 daily pivot-point) S3: 112.09 (200-period SMA H1) 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 USD/CHF extends higher above parity as USD demand remains strong ahead of data FX Street 5 years "¢ Range-bound price action since the early European session constituted towards formation a rectangular pattern, suggesting a brief pause before the resumption of the prior trend, bullish in case of the USD/JPY pair. "¢ The pattern, however, is not complete until a breakout has occurred and hence, it would be prudent to wait for a sustained move beyond the 113.00 handle before positioning for any further near-term appreciating move. USD/JPY 15-mins chart Spot rate: 112.99 Daily High: 113.08 Daily Low: 112.65 Trend: Sideways Resistance R1: 113.11 (R1 daily pivot-point) R2: 113.39 (YTD tops set on… 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.
