“¢ The pair struggled to build on overnight rebound from two-week lows and met with some fresh supply near 50-hour SMA. “¢ A follow-through weakness below an important horizontal support now seems to have opened the room for a further near-term downfall. “¢ Technical indicators on the 1-hourly chart hold in negative territory and reinforce prospects for an extension of last week’s decline from six-month tops. USD/JPY 1-hourly chart Spot rate: 111.03 Daily High: 111.51 Trend: Bearish Resistance R1: 111.33 (50-period SMA H1) R2: 111.54 (overnight swing high) R3: 112.03 (R2 daily pivot-point) Support S1: 110.75 (2-week lows set in the previous session) S2: 110.55 (50-day SMA) S3: 110.07 (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 GBP futures: extra gains unlikely FX Street 5 years "¢ The pair struggled to build on overnight rebound from two-week lows and met with some fresh supply near 50-hour SMA. "¢ A follow-through weakness below an important horizontal support now seems to have opened the room for a further near-term downfall. "¢ Technical indicators on the 1-hourly chart hold in negative territory and reinforce prospects for an extension of last week's decline from six-month tops. USD/JPY 1-hourly chart Spot rate: 111.03 Daily High: 111.51 Trend: Bearish Resistance R1: 111.33 (50-period SMA H1) R2: 111.54 (overnight swing high) R3: 112.03 (R2 daily pivot-point)… 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.
