“¢  The recent price action reinforces the importance of an important confluence support, comprising of 55-day SMA and a short-term ascending trend-line extending through lows touched in April/May/June.   “¢  The 111.00 handle has kept upticks under check since mid-June and hence, the pair needs to decisively move above the mentioned hurdle to bolster the near-term bullish bias.   “¢  Technical indicators are holding in positive territory, but look fragile, and hence, a strong follow-through buying would be needed to reinforce the constructive outlook. USD/JPY daily chart Spot Rate: 110.62 Daily Low: 110.50 Daily High: 110.79 Trend: Bullish until holds above the confluence support Resistance R1: 110.83 (R1 daily pivot-point) R2: 111.00 (round figure mark) R3: 111.40 (May monthly swing high) Support S1: 110.28 (weekly low set on Wednesday) S2: 110.10 (S2 daily pivot-point) S3: 109.89 (ascending trend-line & 55-day SMA confluence level)  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 holds above the 0.9900/0.9880 support area – Commerzbank FX Street 4 years   "¢  The recent price action reinforces the importance of an important confluence support, comprising of 55-day SMA and a short-term ascending trend-line extending through lows touched in April/May/June.   "¢  The 111.00 handle has kept upticks under check since mid-June and hence, the pair needs to decisively move above the mentioned hurdle to bolster the near-term bullish bias.   "¢  Technical indicators are holding in positive territory, but look fragile, and hence, a strong follow-through buying would be needed to reinforce the constructive outlook. USD/JPY daily chart Spot Rate: 110.62 Daily Low: 110.50 Daily High: 110.79… 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.
