Recently, USD/JPY has been trading downwards. The price tested the level of 1.3220. According to the H1 time - frame, I found a broken support trendline in the background which is a sign that sellers are in control. I also found a hidden bearish divergence in the background which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3130 and at the price of 1.3020.
Resistance levels:
R1: 1.3320
R2: 1.3390
R3: 1.3430
Support levels:
S1: 1.3200
S2: 1.3175
S3: 1.3110
Trading recommendations for today: watch for potential selling opportunities.
