USD/JPY is keeping the trading range theme intact this Monday as USD/JPY found resistance at the 111.16 resistance. As the 50, 100 and 200-period simple moving averages are coiled together the market lacks a clear directionality. However, a daily close below last week low at 110.58 would likely be seen as a bearish clue and more selling can be on the cards in such scenario. The 110.27 level, July 4 low, would be the first scaling point to the downside. USD/JPY 15-minute chart Spot rate: 111.00 Relative change: -0.04% High: 111.18 Low: 110.88 Trend: Neutral / Bearish on a close below 110.58 Resistance 1: 111.02-111.16 previous intraday swing lows 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: 110.90 June 15 swing high Support 2: 110.75, July 23 low Support 3: 110.58 July 26 low Support 4: 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 USD/CHF tumbles to lows, risks breaking below 0.9900 handle FX Street 5 years USD/JPY is keeping the trading range theme intact this Monday as USD/JPY found resistance at the 111.16 resistance. As the 50, 100 and 200-period simple moving averages are coiled together the market lacks a clear directionality. However, a daily close below last week low at 110.58 would likely be seen as a bearish clue and more selling can be on the cards in such scenario. The 110.27 level, July 4 low, would be the first scaling point to the downside. USD/JPY 15-minute chart Spot rate: 111.00 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.
