The 100-pip jump in the EUR/JPY seems to have lifted the USD/JPY pair to a session high of 111.84. Italy is considering bringing down its fiscal deficit to 2 percent of GDP in 2021, a local newspaper reported earlier today. The news has put a bid under the EUR. The USD/JPY is currently trading above the upper edge of the falling wedge seen in the hourly chart. A bull breakout, if confirmed, would open add credence to ascending (bullish) 5-day and 10-day exponential moving averages (MAs) and would open up upside toward the November 2017 low of 111.74. Hourly Chart Spot Rate: 113.78 Daily High: 111.84 Daily Low: 1113.52 Trend: Bullish Resistance R1: 113.90 (resistance of Oct. 2 high on the hourly chart) R2: 114.06 (Oct. 1 high) R3: 114.74 (November high) Support S1: 113.72 (50-hour EMA) S2: 113.52 (session low) S3: 113.00 (psychological level) 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 Crypto market overview: Bitcoin floats to the South; altcoins are in red too FX Street 4 years The 100-pip jump in the EUR/JPY seems to have lifted the USD/JPY pair to a session high of 111.84. Italy is considering bringing down its fiscal deficit to 2 percent of GDP in 2021, a local newspaper reported earlier today. The news has put a bid under the EUR. The USD/JPY is currently trading above the upper edge of the falling wedge seen in the hourly chart. A bull breakout, if confirmed, would open add credence to ascending (bullish) 5-day and 10-day exponential moving averages (MAs) and would open up upside toward the November 2017 low of 111.74. Hourly Chart… 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.
