USD/JPY has gained about 100 pips since Monday’s lows on strong bullish momentum. USD/JPY is now challenging 111.39, May 21 swing high. A bull breakout above 111.39 can lead to an extension of the move towards 112.05 February 2 low. However a sizable breakout above 111.39 seems quite unlikely to happen on Tuesday as USD/JPY is already rather extended to the upside. USD/JPY 15-minute chart Spot rate: 111.28 Relative change: 0.40% High: 111.37 Low: 110.73 Trend: Bullish Resistance 1: 111.39 May 21 swing high Resistance 2: 112.05 February 2 lowResistance 3: 113.00 figure Support 1: 111.02-111.16 intraday swing lows Support 2: 110.90 June 15 swing high Support 3: 110.62-75 supply level and June 21 high Support 4: 110.40 supply/demand level Support 5: 110.21 June 22 high Support 6: 109.90-110.00 area supply level and figure Support 7: 109.55 June 19 low USD/JPY daily chart 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 flirting with multi-week tops around 111.30 FX Street 3 years USD/JPY has gained about 100 pips since Monday's lows on strong bullish momentum. USD/JPY is now challenging 111.39, May 21 swing high. A bull breakout above 111.39 can lead to an extension of the move towards 112.05 February 2 low. However a sizable breakout above 111.39 seems quite unlikely to happen on Tuesday as USD/JPY is already rather extended to the upside. USD/JPY 15-minute chart Spot rate: 111.28 Relative change: 0.40% High: 111.37 Low:… 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.
