Recently, the USD/JPY pair has been trading upwards. The price tested the level of 110.47. According to the 30M time frame, I found a fake breakout of yesterday's high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 109.80 and 109.50.
Resistance levels:
R1: 110.40
R2: 110.50
R3: 110.70
Support levels:
S1: 111.00
S2: 109.90
S3: 109.70
Trading recommendations for today: watch for potential selling opportunities.
