USD/JPY is falling to new daily lows reaching the 111.16 support level. Bulls will try to support the market but the attempt should be short-lived. USD/JPY bears are in control and the market should continue the descent towards 111.00 and beyond as USD/JPY broke below 111.39 support. Resistances to the upside are seen near 111.39 and 111.64 supply level. USD/JPY 15-minute chart Spot rate: 111.19 Relative change: -0.41% High: 111.87 Low: 111.14 Trend: Bearish Resistance 1: 111.39 May 21 swing high Resistance 2: 111.64 supply/demand level Resistance 3: 111.82-112.00 area, supply level and figure Resistance 4: 112.19-112.40 area, July 11 high and intraday swing low Resistance 5: 112.64 July 12 high Resistance 6: 113.18, 2018 high Resistance 7: 113.26-113.38, 200-weekly simple moving average and January 8 highResistance 8: 114.45 October 27, 2017 high Support 1: 111.02-111.16 area previous intraday swing lows Support 2: 110.90 June 15 swing high Support 3: 110.75, July 23 low Support 4: 110.58 July 26 low Support 5: 110.27 July 4 low 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 EUR/USD Technical Analysis: Retests support break-point and turns lower, remains vulnerable FX Street 5 years USD/JPY is falling to new daily lows reaching the 111.16 support level. Bulls will try to support the market but the attempt should be short-lived. USD/JPY bears are in control and the market should continue the descent towards 111.00 and beyond as USD/JPY broke below 111.39 support. Resistances to the upside are seen near 111.39 and 111.64 supply level. USD/JPY 15-minute chart Spot rate: 111.19 Relative change: -0.41% High: 111.87 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.
