“¢ The pair has been oscillating between two converging trend-lines, forming a symmetrical triangle on the 1-hourly chart. “¢ Currently placed at 100-hour SMA pivot-point, subsequent up-move could get extended back towards the triangle resistance. “¢ Alternatively, a rejection slide would increase the pair’s vulnerability to head back towards retesting a two-week-old ascending trend-line support. USD/JPY 1-hourly chart Spot Rate: 110.16 Daily Low: 109.84 Daily High: 110.22 Trend: Range-bound Resistance R1: 110.56 (R1 daily pivot-point) R2: 110.76 (overnight swing high) R3: 111.00 (round figure mark) Support S1: 110.00 (psychological round figure mark) S2: 109.43 (50-day SMA) S3: 109.20 (June 8 swing 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 OPEC agreement in principle is said for 600K bpd real increase FX Street 3 years "¢ The pair has been oscillating between two converging trend-lines, forming a symmetrical triangle on the 1-hourly chart. "¢ Currently placed at 100-hour SMA pivot-point, subsequent up-move could get extended back towards the triangle resistance. "¢ Alternatively, a rejection slide would increase the pair's vulnerability to head back towards retesting a two-week-old ascending trend-line support. USD/JPY 1-hourly chart Spot Rate: 110.16 Daily Low: 109.84 Daily High: 110.22 Trend: Range-bound Resistance R1: 110.56 (R1 daily pivot-point) R2: 110.76 (overnight swing high) R3: 111.00 (round figure mark) Support S1: 110.00 (psychological round figure mark) S2: 109.43… Top 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.
