USD/JPY continued the fall initiated on Thursday as it has now found support at the 111.60-111.80 area. As the current bearish momentum is rather strong, the correction might extend some more, potentially to 111.39 May 21 swing high. Resistances are seen near the 112.19-112.40 area and 112.64 July 12 high. US President Trump criticized interest rate hikes in the last two days and it hurt the USD. USD/JPY 15-minute chart Spot rate: 111.80 Relative change: -0.59% High: 112.64 Low: 111.56 Trend: Bullish /Bearish correction Resistance 1: 112.19-112.40 area, July 11 high and intraday swing low Resistance 2: 112.64 July 12 high Resistance 3: 113.18, 2018 high Resistance 4: 113.26-113.38, 200-weekly simple moving average and January 8 high Resistance 5: 114.45 October 27, 2017 high Support 1: 111.60-111.80 area, 23.6% and 38.2% Fibonacci retracement low/high July 11 Support 2: 111.39 May 21 swing high Support 3: 111.02-111.16 previous intraday swing lows Support 4: 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 White House Budget Chief Mulvaney: Trump did not try to influence Fed FX Street 5 years USD/JPY continued the fall initiated on Thursday as it has now found support at the 111.60-111.80 area. As the current bearish momentum is rather strong, the correction might extend some more, potentially to 111.39 May 21 swing high. Resistances are seen near the 112.19-112.40 area and 112.64 July 12 high. US President Trump criticized interest rate hikes in the last two days and it hurt the USD. USD/JPY 15-minute chart Spot rate: 111.80 Relative change: -0.59% 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.
