The currency pair USD / JPY continued its upward movement, moving near to 112.00 level, where it touches the periodic ceiling. We are currently seeing a slowdown, where the "bears" are trying to take the lead, demonstrating the training level. Probably, we assume a gradual extension of short positions, with the movement of prices towards the value of 110.90 / 110.50.
Key Levels
Resistance zones: 112.00; 114.40.
Support zones: 110.50; 109.80 *; 108.00.
Periodic level *
Signals
- It is recommended to buy the pair after a clear price fixation above 112.00, with a move to 113.00.
- Selling the pair is recommended to be made below the price of 111.15, with the prospect of moving to 110.90 / 110.50.
Attention: Predictions are not a direct guide to action!