USD/JPY is trading in a bear trend below the 200-period simple moving average (SMA). USD/JPY broke strongly below the 112.00 figure as bears print a new monthly low. The safe-haven yen is in strong demand as Wall Street stock indices are crashing. The next significant support is seen near 111.00 while 111.84 (August 29 swing high) becomes the key resistance. USD/JPY 4-hour chart Spot rate: 111.66 Relative change: -0.67% High: 112.46 Low: 111.37 Main trend: Bearish Resistance 1: 112.00-112.17 zone, figure and August 1 swing high Resistance 2: 112.55 September 27 low Resistance 3: 113.00 figure Resistance 4: 113.55 October 2 low Support 1: 111.00 figure Support 2: 110.35 September Low Support 3: 109.75 August 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 Gold surged to fresh multi-month highs above $1240 as Wall Street collapses FX Street 4 years USD/JPY is trading in a bear trend below the 200-period simple moving average (SMA). USD/JPY broke strongly below the 112.00 figure as bears print a new monthly low. The safe-haven yen is in strong demand as Wall Street stock indices are crashing. The next significant support is seen near 111.00 while 111.84 (August 29 swing high) becomes the key resistance. USD/JPY 4-hour chart Spot rate: 111.66 Relative change: -0.67% 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.
