USD/JPY is currently flirting with key resistance at 111.46, having picked up a strong bid near 111.20 an hour ago. The 26 pip rise has invalidated the bearish view put forward by the rising channel breakdown confirmed yesterday. Should the pair find acceptance above 111.46, then a sideways channel breakout would be confirmed. That would open the doors to resistance at 111.85-112.00. The 10-year treasury yield continues to recover from over three-month lows below 2.6 percent hit earlier this week. Therefore, the probability of the pair finding acceptance above 111.46 is high. It is worth noting that the bounce from 111.00 has established that psychological support as the level to beat for the bears. Hourly chart Trend: Bullish above 111.46 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 US Pres. Trump: In no rush to complete China trade deal – Reuters FX Street 4 years USD/JPY is currently flirting with key resistance at 111.46, having picked up a strong bid near 111.20 an hour ago. The 26 pip rise has invalidated the bearish view put forward by the rising channel breakdown confirmed yesterday. Should the pair find acceptance above 111.46, then a sideways channel breakout would be confirmed. That would open the doors to resistance at 111.85-112.00. The 10-year treasury yield continues to recover from over three-month lows below 2.6 percent hit earlier this week. Therefore, the probability of the pair finding acceptance above 111.46 is high. It is worth noting… 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.
