“¢ The pair continued with its good two-way price action within a narrow trading range and has been struggling to build on the momentum beyond the 112.00 handle/100-hour SMA. “¢ Meanwhile, the recent pullback from YTD tops has been along a short-term descending trend-channel, which constitutes towards the formation of a bullish continuation flag chart pattern. “¢ Technical indicators on hourly charts have been losing momentum but maintained their bullish bias on the daily chart, suggesting some dip-buying interest to emerge at lower levels. “¢ Hence, any meaningful slide towards the trend-channel support, currently near the 111.60 region, might still be looked upon as an opportunity to initiate some fresh bullish positions. USD/JPY 1-hourly chart 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 EIA: Commercial crude oil inventories increased by 5.5 million barrels from previous week FX Street 4 years "¢ The pair continued with its good two-way price action within a narrow trading range and has been struggling to build on the momentum beyond the 112.00 handle/100-hour SMA. "¢ Meanwhile, the recent pullback from YTD tops has been along a short-term descending trend-channel, which constitutes towards the formation of a bullish continuation flag chart pattern. "¢ Technical indicators on hourly charts have been losing momentum but maintained their bullish bias on the daily chart, suggesting some dip-buying interest to emerge at lower levels. "¢ Hence, any meaningful slide towards the trend-channel… 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.
