The USD/JPY has charted a bull flag – a bullish continuation pattern – on the 15-minute chart. An upside breakout looks likely and would signal a continuation of the rally from the post-BOJ low of 110.76 and allow a rally to 112.43 (target as per the measured height method). 15-minute chart Spot Rate: 111.85 Daily High: 111.90 Daily Low: 111.70 Trend: Bullish Resistance R1: 111.86 (flag resistance) R2: 112.20 (July 15 low resistance as per the hourly chart) R3: 112.43 (bull flag breakout target) Support S1: 111.65 (flag support) S2: 111.40 (10-day moving average) S3: 110.62 (50-day moving average) 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 FOMC is set to leave rates unchanged – Goldman Sachs FX Street 5 years The USD/JPY has charted a bull flag - a bullish continuation pattern - on the 15-minute chart. An upside breakout looks likely and would signal a continuation of the rally from the post-BOJ low of 110.76 and allow a rally to 112.43 (target as per the measured height method). 15-minute chart Spot Rate: 111.85 Daily High: 111.90 Daily Low: 111.70 Trend: Bullish Resistance R1: 111.86 (flag resistance) R2: 112.20 (July 15 low resistance as per the hourly chart) R3: 112.43 (bull flag breakout target) Support S1: 111.65 (flag support) S2: 111.40 (10-day moving average) S3: 110.62 (50-day moving average) 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.
