USD/JPY is currently reversing the daily gains after USD/JPY failed to breakout above the 112.19 level. USD/JPY momentum is shifting to bearish in the short-term, especially if the market stays below the 111.82-112.00 area. Supports to the downside are seen near the 111.39 May 21 swing high and 111.02-111.16 area, previous intraday swing lows. The FOMC statement at 18:00 GMT is likely going to deliver volatility in USD-denominated pairs. USD/JPY 15-minute chart Spot rate: 111.73 Relative change: -0.11% High: 112.17 Low: 111.70 Trend: Neutral Resistance 1: 111.82-112.00 area, supply level and figure Resistance 2: 112.19-112.40 area, July 11 high and intraday swing low Resistance 3: 112.64 July 12 high Resistance 4: 113.18, 2018 high Resistance 5: 113.26-113.38, 200-weekly simple moving average and January 8 highResistance 6: 114.45 October 27, 2017 high Support 1: 111.64 supply/demand level Support 2: 111.39 May 21 swing high Support 3: 111.02-111.16 area previous intraday swing lows Support 4: 110.90 June 15 swing high Support 5: 110.75, July 23 low Support 6: 110.58 July 26 low Support 7: 110.27 July 4 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 USD/CHF struggles to extend its gains above 0.99 as Wall Street loses traction FX Street 5 years USD/JPY is currently reversing the daily gains after USD/JPY failed to breakout above the 112.19 level. USD/JPY momentum is shifting to bearish in the short-term, especially if the market stays below the 111.82-112.00 area. Supports to the downside are seen near the 111.39 May 21 swing high and 111.02-111.16 area, previous intraday swing lows. The FOMC statement at 18:00 GMT is likely going to deliver volatility in USD-denominated pairs. USD/JPY 15-minute chart Spot rate: 111.73 Relative change: -0.11% High: … 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.
