The USD/JPY currency pair shows an increasing upward interest as it rose more than 250 points for three trading days without any solid kickbacks. Now, we can see how the price moves towards the range of 110.50 / 111.00 with slightly reduced volatility. It is likely that the "bullish" interest will remain in the market. Although, it is already within the limits of 110.50 / 111.00. A periodic ceiling is expected, giving the opportunity for "bears" to return to the market and form a corrective movement.
Key Levels
Resistance zones: 110,50 / 111,00;
Support zones: 109.80 *;
Periodic level *
Signals
- It is recommended to buy the pair after it clearly settled above the price level of 111.00 which will then move towards 112.00.
- It is recommended to sell the price when it reaches the price level below 110.30 with the prospect of a moving towards 109.80 / 108.50.
Draw your attention: Predictions are not a direct guide to action!
