USD/JPY is currently in a consolidation phase after the bull run seen last week. USD/JPY is currently supported at 112.19 (July 11 high) and the near-term resistance is 112.64 (July 12 high). The bears want to convert the bull trend in a bearish reversal by breaking 112.19 while bulls want to drive the market near the current 2018 high at 112.82. Both parties are fairly balanced but since the bearish correction has been very weak so far, the bulls are still owning the market at this point in time. USD/JPY 15-minute chart Spot rate: 112.30 Relative change: -0.09% High: 112.58 Low: 112.19 Trend: Neutral Resistance 1: 112.40 intraday swing low Resistance 2: 112.64 July 12 high Resistance 3: 112.82, 2018 high Resistance 4: 113.38 January 8 high Resistance 5: 114.45 October 27, 2017 high Support 1: 112.19, July 11 high Support 2: 111.60-111.80 area, 23.6% and 23.2% Fibonacci retracement low/high July 11 Support 3: 111.39 May 21 swing high Support 4: 111.02-111.16 previous intraday swing lows Support 5: 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 IMF: Financial markets seem ‘broadly complacent’ to global risks FX Street 5 years USD/JPY is currently in a consolidation phase after the bull run seen last week. USD/JPY is currently supported at 112.19 (July 11 high) and the near-term resistance is 112.64 (July 12 high). The bears want to convert the bull trend in a bearish reversal by breaking 112.19 while bulls want to drive the market near the current 2018 high at 112.82. Both parties are fairly balanced but since the bearish correction has been very weak so far, the bulls are still owning the market at this point in time. 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.
