USD/JPY is keeping the range theme intact as the currency pair found resistance below the 111.39 resistance. USD/JPY lost about 20 pips after the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. USD/JPY is currently consolidating last week’s 250-pip drop last with no parties having a particular advantage inside the 110.60-111.60 range. USD/JPY 15-minute chart Spot rate: 110.95 Relative change: -0.25% High: 111.26 Low: 110.89 Trend: Neutral Resistance 1: 111.39 May 21 swing high Resistance 2: 111.60-111.80 area, 23.6% and 38.2% Fibonacci retracement low/high July 11 Resistance 3: 112.19-112.40 area, July 11 high and intraday swing low Resistance 4: 112.64 July 12 high Resistance 5: 113.18, 2018 high Resistance 6: 113.26-113.38, 200-weekly simple moving average and January 8 high Resistance 7: 114.45 October 27, 2017 high Support 1: 111.02-111.16 previous intraday swing lows Support 2: 110.75-110.90, July 23 low and June 15 swing high Support 3: 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 Bitcoin Cash Technical Analysis: BCH/USD breaks vital near-term ascending trend line, which was since been retested and failed push back above, so bears will take advantage FX Street 5 years USD/JPY is keeping the range theme intact as the currency pair found resistance below the 111.39 resistance. USD/JPY lost about 20 pips after the release of the Gross Domestic Product Annualized (GDP) for the second quarter which came in line with expectations at 4.1% while the Core Personal Consumption Expenditures for the second quarter came slightly below expectations at 2% versus 2.2% forecast. USD/JPY is currently consolidating last week's 250-pip drop last with no parties having a particular advantage inside the 110.60-111.60 range. USD/JPY 15-minute chart Spot rate: 110.95 Relative… 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.
