“¢ The pair has been oscillating within a narrow trading range, forming a rectangular chart pattern on the shorter time frame (30-mins.). “¢ This coupled with the formation of a symmetrical triangle on the said chart points to a consolidation phase before the next leg of directional move. “¢ Neutral technical indicators add credence to an extension of the near-term range-bound price action ahead of Trump-Juncker trade-related meeting. USD/JPY 30-min. chart Spot rate: 111.22 Daily Low: 111.12 Daily High: 111.39 Trend: Sideways Resistance R1: 111.39 (current day swing high) R2: 111.70 (100-period SMA H1) R3: 112.07 (R3 daily pivot-point) Support S1: 110.93 (200-period SMA H4) S2: 110.75 (2-week low set on Monday) S3: 110.35 (S3 daily pivot-point) 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 WTI breaks lower to test $ 68.50 ahead of EIA crude stockpiles data FX Street 5 years "¢ The pair has been oscillating within a narrow trading range, forming a rectangular chart pattern on the shorter time frame (30-mins.). "¢ This coupled with the formation of a symmetrical triangle on the said chart points to a consolidation phase before the next leg of directional move. "¢ Neutral technical indicators add credence to an extension of the near-term range-bound price action ahead of Trump-Juncker trade-related meeting. USD/JPY 30-min. chart Spot rate: 111.22 Daily Low: 111.12 Daily High: 111.39 Trend: Sideways Resistance R1: 111.39 (current day swing high) R2: 111.70 (100-period SMA H1)… 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.
