USD/JPY is currently fading the bearish trendline and testing the 109.55 June 19 low. USD/JPY is also consolidating the bear breakout which happened overnight. Bulls want to breakout above the bearish trendline and reach the 109.90 supply level while bears want to keep the market below the 109.55 level. The main picture on USD/JPY is increasingly bearish however bears will need to overcome the daily 50-period simple moving average at 109.48 which can lead to trading range price action in the near future. USD/JPY 15-minute chart Spot rate: 109.57 Relative change: -0.37% High: 110.04 Low: 109.37 Trend: Neutral to bearish Resistance 1: 109.90 supply level Resistance 2: 110.21 June 22 high Resistance 3: 110.56 supply level Support 1: 109.48-109.55, daily 50-period SMA June 19 low Support 3: 109.20 June 8 low Support 4: 108.70 demand level 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 Eurozone: Inflation is moving up but growth deterioration may delay ECB next steps – Danske Bank FX Street 3 years USD/JPY is currently fading the bearish trendline and testing the 109.55 June 19 low. USD/JPY is also consolidating the bear breakout which happened overnight. Bulls want to breakout above the bearish trendline and reach the 109.90 supply level while bears want to keep the market below the 109.55 level. The main picture on USD/JPY is increasingly bearish however bears will need to overcome the daily 50-period simple moving average at 109.48 which can lead to trading range price action in the near future. USD/JPY 15-minute chart Spot rate: 109.57 … Top 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.
