USD/JPY bulls want to extend the main bull trend but they have found resistance at the 113.00 figure. The 50, 100 and 200-period simple moving average are rising and widening suggesting bullish momentum. However, USD/JPY found resistance at the 113.00 psychological figure and broke below the bull trendline. The RSI an Stochastics indicator are pointing down. While the main trend is up, the market seems ripe for a pullback down towards 112.50 and 112.00 figure. USD/JPY 4-hour chart Spot rate: 112.88 Relative change: -0.08% High: 113.16 Low: 112.73 Main trend: Bullish Short-term trend: Bearish below 113.00 Resistance 1: 113.18, July high Resistance 2: 114.00 figure Resistance 3: 114.80 November 2017 high Support 1: 112.50 figure Support 2: 112.00-112.17 zone, figure and August 1, swing high Support 3: 111.84 August 29 swing high Support 4: 111.84 August 29 swing high Support 5: 111.54 August 6, high Support 6: 111.45 August 8 high Support 7: 111.00 figure Support 8: 110.75, July 23 swing low Support 9: 110.00 figure Support 10: 109.37 June 25 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 CME Group FedWatch Tool’s December rate hike odds rise to 80% FX Street 4 years USD/JPY bulls want to extend the main bull trend but they have found resistance at the 113.00 figure. The 50, 100 and 200-period simple moving average are rising and widening suggesting bullish momentum. However, USD/JPY found resistance at the 113.00 psychological figure and broke below the bull trendline. The RSI an Stochastics indicator are pointing down. While the main trend is up, the market seems ripe for a pullback down towards 112.50 and 112.00 figure. USD/JPY 4-hour chart Spot rate: 112.88 Relative change: -0.08% … 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.
