USD/JPY is teasing a flag breakout on the 15-minute chart, which is confirmed, could yield a re-test of the 200-day moving average (MA), currently located at 111.25. 15-minute chart As seen above, the pair is currently probing the upper edge of the flag. A convincing break above higher would open up upside toward 111.50 (target as per the measured move method). That looks likely as pair not only closed back above the ascending 10-day MA yesterday but has bounced off the equally bullish 5-day MA earlier today. Trend: Bullish 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 China: PMI continues to sink – ING FX Street 4 years USD/JPY is teasing a flag breakout on the 15-minute chart, which is confirmed, could yield a re-test of the 200-day moving average (MA), currently located at 111.25. 15-minute chart As seen above, the pair is currently probing the upper edge of the flag. A convincing break above higher would open up upside toward 111.50 (target as per the measured move method). That looks likely as pair not only closed back above the ascending 10-day MA yesterday but has bounced off the equally bullish 5-day MA earlier today. Trend: Bullish 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.
