USD/JPY is consolidating after the currency pair reached 112.63 resistance, the January 10 open. USD/JPY exceed its average daily range suggesting further gains can be capped but given the bull run context USD/JPY might continue higher nevertheless. USD/JPY needs to breakout above 112.63 in order to move towards 113.38 January 8 high. To the downside, support is seen near the 112.05 February 2 low and in the 111.60-111.80 area. USD/JPY 15-minute chart Spot rate: 112.53 Relative change: 0.47% High: 112.64 Low: 111.90 Trend: Bullish Resistance 1: 112.63 January 10 open Resistance 2: 113.38 January 8 high Resistance 3: 114.45 October 27, 2017 high Support 1: 112.05 February 2 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 USD/CHF Technical Analysis: surges through parity mark for the first time since May FX Street 5 years USD/JPY is consolidating after the currency pair reached 112.63 resistance, the January 10 open. USD/JPY exceed its average daily range suggesting further gains can be capped but given the bull run context USD/JPY might continue higher nevertheless. USD/JPY needs to breakout above 112.63 in order to move towards 113.38 January 8 high. To the downside, support is seen near the 112.05 February 2 low and in the 111.60-111.80 area. USD/JPY 15-minute chart Spot rate: 112.53 Relative change: 0.47% 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.
