USD/JPY fell about 80 pips after US President Trump said that he didn’t like interest rate hikes and a strong USD in a CNBC interview. However, USD/JPY already recovered about 45 pips to the upside. USD/JPY took a strong hit and is now trading below the 50, 100 and 200-period simple moving averages. As long as USD/JPY stays below 112.64 it could indicate that the bearish correction is not over yet and that the bearish pressure can persist. USD/JPY 15-minute chart Spot rate: 112.50 Relative change: 0.32% High: 113.18 Low: 112.05 Trend: Bullish /Bearish correction Resistance 1: 112.64 July 12 high Resistance 2: 113.18, 2018 high Resistance 3: 113.26-113.38, 200-weekly simple moving average and January 8 high Resistance 4: 114.45 October 27, 2017 high Support 1: 112.19-112.40 area, July 11 high and intraday swing low Support 2: 111.60-111.80 area, 23.6% and 23.2% Fibonacci retracement low/high July 11 Support 3: 111.39 May 21 swing high Support 4: 111.02-111.16 previous intraday swing lows Support 5: 110.90 June 15 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 CNY: Yuan(ted) lower – TDS FX Street 5 years USD/JPY fell about 80 pips after US President Trump said that he didn't like interest rate hikes and a strong USD in a CNBC interview. However, USD/JPY already recovered about 45 pips to the upside. USD/JPY took a strong hit and is now trading below the 50, 100 and 200-period simple moving averages. As long as USD/JPY stays below 112.64 it could indicate that the bearish correction is not over yet and that the bearish pressure can persist. USD/JPY 15-minute chart Spot rate: 112.50 Relative change: 0.32%… 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.
