USD/JPY is struggling to keep the bull momentum going this Friday as the market is currently reversing the gains made earlier in the day. USD/JPY is now trading below its 50 and 100-period simple moving averages suggesting that the market is entering a consolidation phase after the recent 260-pip bull run. Near-term supports are seen near the 112.40 intraday swing low and 112.19, July 11 high while resistances are seen near 112.64 July 12 high and 112.82, the current Friday’s high. USD/JPY 15-minute chart Spot rate: 112.42 Relative change: -0.12% High: 112.82 Low: 111.37 Trend: Neutral Resistance 1: 112.64 July 12 high Resistance 2: 112.82 July 13 high Resistance 2: 113.38 January 8 high Resistance 3: 114.45 October 27, 2017 high Support 1: 112.40 intraday swing low Support 2: 112.19, July 11 high Support 3: 111.60-111.80 area, 23.6% and 23.2% Fibonacci retracement low/high July 11 Support 4: 111.39 May 21 swing high Support 5: 111.02-111.16 previous intraday swing lows Support 6: 110.90 June 15 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 Gold pulls away from 2018 lows, remains in the red above $1240 FX Street 5 years USD/JPY is struggling to keep the bull momentum going this Friday as the market is currently reversing the gains made earlier in the day. USD/JPY is now trading below its 50 and 100-period simple moving averages suggesting that the market is entering a consolidation phase after the recent 260-pip bull run. Near-term supports are seen near the 112.40 intraday swing low and 112.19, July 11 high while resistances are seen near 112.64 July 12 high and 112.82, the current Friday's high. USD/JPY 15-minute chart Spot rate: 112.42 Relative change: … 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.
