The bearish divergence of the hourly stochastic indicates the USD/JPY could be in for a minor pullback and a much awaited break above 113.30 (200-week MA) could remain elusive. Further, the daily relative strength index (RSI) is also reporting overbought conditions. Hourly chart Spot Rate: 112.93 Daily High: 113.08 Daily Low: 112.85 Trend: Overbought, pullback likely Resistance R1: 113.08 (Asian session high) R2: 113.30 (200-week MA) R3: 113.75 (December 2017 high) Support S1: 112.85 (Asian session low) S2: 112.59 (5-day MA) S3: 112.20 (July 16 low) 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 Cryptocurrency market hits the roof as IBM announces its experimenting with stablecoin FX Street 5 years The bearish divergence of the hourly stochastic indicates the USD/JPY could be in for a minor pullback and a much awaited break above 113.30 (200-week MA) could remain elusive. Further, the daily relative strength index (RSI) is also reporting overbought conditions. Hourly chart Spot Rate: 112.93 Daily High: 113.08 Daily Low: 112.85 Trend: Overbought, pullback likely Resistance R1: 113.08 (Asian session high) R2: 113.30 (200-week MA) R3: 113.75 (December 2017 high) Support S1: 112.85 (Asian session low) S2: 112.59 (5-day MA) S3: 112.20 (July 16 low) 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.
