The currency pair USD/JPY showed an increased upward interest and reached a value of 112.70, where it felt a periodic ceiling. Now, we see how the quotation at times slowed down the movement, forming a temporary flat at 111.80 / 112.60. It is likely that the movement within the given framework will continue where the traders should keep track of clear price fixations outside the borders (111.80 / 112.60) for planning further trading positions. In the case of working within the range, it is worthwhile to pledge a smaller lot so that you do not run into unnecessary losses.
Key levels
Resistance zones: 113,00; 114.40.
Support zones: 112 / 111.80 *; 109.80; 108.00.
Attention: Forecasts are not a direct guide to action!
