USD/JPY bull trend is on hold as the market is having a strong pullback down. USD/JPY is trading below its 200-period simple moving average (SMA) while the MACD indicator is remaining in negative territories. The bearish bias is kept as long as USD/JPY is capped by 112.55 resistance and 200 SMA Targets to the downside are seen near 111.84 August 29 swing high and 111.00 figure. USD/JPY 4-hour chart Spot rate: 112.00 Relative change: -0.23% High: 112.53 Low: 111.83 Main trend: Bullish Short-term trend: Bearish Resistance 1: 112.55 September 27 low Resistance 2: 113.00 figure Resistance 3: 113.55 October 2 low Resistance 4: 113.55 October 2 low Resistance 5: 114.00 figure Resistance 6: 114.80 November 2017 high Resistance 7: 115.50 March 10, 2017 high Support 1: 112.00-112.17 zone, figure and August 1 swing high Support 2: 111.84 August 29 swing high Support 3: 111.00 figure 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 USD/JPY pierces below 112 as Wall Street extends fall FX Street 4 years USD/JPY bull trend is on hold as the market is having a strong pullback down. USD/JPY is trading below its 200-period simple moving average (SMA) while the MACD indicator is remaining in negative territories. The bearish bias is kept as long as USD/JPY is capped by 112.55 resistance and 200 SMA Targets to the downside are seen near 111.84 August 29 swing high and 111.00 figure. USD/JPY 4-hour chart Spot rate: 112.00 Relative change: -0.23% High: … 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.
