The USD/JPY currency pair was able to hit again the 114.40 level since earlier in the trading week, forming a corrective movement in fact. Currently, we can see high volatility that moves near the periodic level of 113.40. It is possible to assume that the "bearish" interest will remain in the market. But the current level of 113.40 can serve as a pause, which will serve to regroup the forces. In case that prices are fixed below the value of 113.40, it is likely to assume for further movement towards 112.95 / 112.70.
Key Levels
Resistance zones: 114.40; 115.50.
Support zones: 113.40 *; 112.95; 111.60.
* Periodic level
Attention: Predictions are not a direct guide to action!
* The presented market analysis is informative and does not constitute a guide to the transaction.
