USD/JPY printed a new 2018 high at 113.15 and is now having a pullback above the 200-period simple moving average. USD/JPY consolidation might continue towards 112.64 and 112.40 support in the near-term. A strong bear breakout below 112.20, near Tuesday’s low would be seen as a slow down of the current bull momentum and a deeper correction might be underway. USD/JPY 15-minute chart Spot rate: 112.85 Relative change: -0.03% High: 113.15 Low: 112.71 Trend: Bullish Resistance 1: 113.15, 2018 high Resistance 2: 113.26-113.38, 200-weekly simple moving average and January 8 high Resistance 3: 114.45 October 27, 2017 high Support 1: 112.64 July 12 high Support 2: 112.19-112.40 area, July 11 high and intraday swing low Support 3: 111.60-111.80 area, 23.6% and 23.2% Fibonacci retracement low/high July 11 Support 4: 111.39 May 21 swing high Support 5: 111.02-111.16 previous intraday swing lows Support 6: 110.90 June 15 swing high 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 Fed’s Powell: A more protectionist economy is less competitive and less productive FX Street 5 years USD/JPY printed a new 2018 high at 113.15 and is now having a pullback above the 200-period simple moving average. USD/JPY consolidation might continue towards 112.64 and 112.40 support in the near-term. A strong bear breakout below 112.20, near Tuesday's low would be seen as a slow down of the current bull momentum and a deeper correction might be underway. USD/JPY 15-minute chart Spot rate: 112.85 Relative change: -0.03% High: 113.15 Low: … 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.
