USD/JPY is currently in sideways consolidation mode after the currency pair lost about 250 pips since last week. USD/JPY is currently attempting to form a base in the 110.60-111.60 range. The simple moving averages (SMA) are rather flat with the 50-period SMA about to cross the 100-period SMA suggesting that USD/JPY is slowly gaining some bullish traction. However, neither sides are generating convincing directional moves. Bulls would need to breakout above the 111.60 level in order to get an advantage while bears are currently selling the intraday rally at the 111.20 level near the daily high. USD/JPY 15-minute chart Spot rate: 111.12 Relative change: 0.11% High: 111.23 Low: 110.58 Trend: Neutral Resistance 1: 111.23 current July 26 high Resistance 2: 111.39 May 21 swing high Resistance 3: 111.60-111.80 area, 23.6% and 38.2% Fibonacci retracement low/high July 11 Resistance 4: 112.19-112.40 area, July 11 high and intraday swing low Resistance 5: 112.64 July 12 high Resistance 6: 113.18, 2018 high Resistance 7: 113.26-113.38, 200-weekly simple moving average and January 8 high Resistance 8: 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 bulls lack power in moving barriers out of the way heading into $900 area, last time traded here was 5 weeks ago FX Street 5 years USD/JPY is currently in sideways consolidation mode after the currency pair lost about 250 pips since last week. USD/JPY is currently attempting to form a base in the 110.60-111.60 range. The simple moving averages (SMA) are rather flat with the 50-period SMA about to cross the 100-period SMA suggesting that USD/JPY is slowly gaining some bullish traction. However, neither sides are generating convincing directional moves. Bulls would need to breakout above the 111.60 level in order to get an advantage while bears are currently selling the intraday rally at the 111.20 level near the daily high. USD/JPY 15-minute chart… 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.
