USD/JPY main bull trend is intact as the bulls have surpassed the 200-weekly simple moving average. USD/JPY is trading above its 50, 100 and 200-period simple moving averages which are rising and widening suggesting strong bullish momentum. The next target to the upside are likely located near 114.00 figure and 114.80 (November 2017 high). A bear breakout below 112.50 would likely invalidate the current bullish bias. USD/JPY 4-hour chart Spot rate: 113.58 Relative change: 0.19% High: 113.68 Low: 113.31 Main trend: Bullish Resistance 1: 114.00 figure Resistance 2: 114.80 November 2017 high Resistance 3: 115.50 March 10, 2017 Support 1: 113.18, July high Support 2: 112.50 figure Support 3: 112.00-112.17 zone, figure and August 1 swing high Support 4: 111.84 August 29 swing high 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 WTI extends gains above $73 after Baker Hughes reports decline in number of oil rigs FX Street 4 years USD/JPY main bull trend is intact as the bulls have surpassed the 200-weekly simple moving average. USD/JPY is trading above its 50, 100 and 200-period simple moving averages which are rising and widening suggesting strong bullish momentum. The next target to the upside are likely located near 114.00 figure and 114.80 (November 2017 high). A bear breakout below 112.50 would likely invalidate the current bullish bias. USD/JPY 4-hour chart Spot rate: 113.58 Relative change: 0.19% 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.
