USD/JPY is in pullback mode while it is trading in a bull trend. The bears broke below the trendline (blue) and the 50-period simple moving average. USD/JPY is currently consolidating the recent decline below 113.55 (October 2 low) near the 100-period simple moving average. Failure to break above 113.55 should lead to more decline in the short term. Targets to the downside can be located near 113.00 figure and 112.55 (September 27 low). A breakout above 113.55 would invalidate the bearish bias. USD/JPY 4-hour chart Spot rate: 113.20 Relative change: 0.22% High: 113.28 Low: 112.92 Main trend: Bullish Short-term trend: Bearish Resistance 1: 113.55 October 2 low Resistance 2: 114.00 figure Resistance 3: 114.80 November 2017 high Resistance 4: 115.50 March 10, 2017 high Support 1: 113.00 figure Support 2: 112.55 September 27 low Support 3: 112.00-112.17 zone, figure and August 1 swing high Support 4: 111.84 August 29 swing high 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 bull run could extend to 1.1600 – Scotiabank FX Street 4 years USD/JPY is in pullback mode while it is trading in a bull trend. The bears broke below the trendline (blue) and the 50-period simple moving average. USD/JPY is currently consolidating the recent decline below 113.55 (October 2 low) near the 100-period simple moving average. Failure to break above 113.55 should lead to more decline in the short term. Targets to the downside can be located near 113.00 figure and 112.55 (September 27 low). A breakout above 113.55 would invalidate the bearish bias. USD/JPY 4-hour chart Spot rate: … 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.
