The USD/JPY currency pair moved in a periodic resistance level of 113.00 as it declined and occurred almost half of the previous corrective movement. Currently, the price moved closer to the value of 112.00 maintaining the bearish tone in the market. It is possible for the downward movement to continue, where the quotation will smoothly fall below the level of 112.00 and open the way to the range level of 111.50.
Key Levels
Resistance zones: 113,00 **; 114.40; 115.50.
Support zones: 111,50 / 111,80 *; 110.80 **.
* range level
** periodic level
Draw your attention: Predictions are not a direct guide to action!
