Recently, the USD/JPY pair has been trading downwards. The price tested the level of 109.12. Anyway, according to the 30M time frame, I found a fake breakout of the yesterday's low, which is a sign of strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at 109.70 and 109.90.
Resistance levels:
R1: 110.20
R2: 110.50
R3: 111.00
Support levels:
S1: 109.20
S2: 108.90
S3: 108.40
Trading recommendations for today: watch for potential buying opportunities.