USD/JPY has been unable to regain the 111.82-112.00 area as the 50-period simple moving average crossed below the 200 SMA suggesting a mild bearish bias. On the flip side, bears have been unable to break below 111.39 Wednesday’s low. Bears need to breakout below this level in order to extend the bear leg. Failure to do so could lead to a retest of the 111.64 level and a resumption of the bull trend. USD/JPY 15-minute chart Spot rate: 111.49 Relative change: -0.21% High: 111.75 Low: 111.31 Trend: Bullish / Bearish reversal risk below 111.82-112.00 Resistance 1: 111.64 supply/demand level Resistance 2: 111.82-112.00 area, supply level and figure Resistance 3: 112.19-112.40 area, July 11 high and intraday swing low Resistance 4: 112.64 July 12 high Resistance 5: 113.18, 2018 high Resistance 6: 113.26-113.38, 200-weekly simple moving average and January 8 highResistance 7: 114.45 October 27, 2017 high Support 1: 111.39 May 21 swing high Support 2: 111.02-111.16 area previous intraday swing lows Support 3: 110.90 June 15 swing high Support 4: 110.75, July 23 low Support 5: 110.58 July 26 low Support 6: 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/CAD stays in the positive territory above 1.30 as upbeat data help greenback FX Street 5 years USD/JPY has been unable to regain the 111.82-112.00 area as the 50-period simple moving average crossed below the 200 SMA suggesting a mild bearish bias. On the flip side, bears have been unable to break below 111.39 Wednesday's low. Bears need to breakout below this level in order to extend the bear leg. Failure to do so could lead to a retest of the 111.64 level and a resumption of the bull trend. USD/JPY 15-minute chart Spot rate: 111.49 Relative change: -0.21% High: … 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.
