FX.co ★ Technical analysis and trading recommendations for USD/JPY pair as of August 9, 2017

The USD/JPY pair is trying to work it out towards the periodic level of 111.00, but this turned around again returning back to the psychological value of 110.00. Currently, the price stopped near the level of 110.00 and the "bulls" are trying to return to the market. It is possible to assume that the current influence within 100 cents will be preserved (110,00 / 110,00), where the "bears" will try to form a cluster at the lower boundary. Thereby, breaking the psychological level. In case the forecast happened, it is expected to move towards 108.90 / 108.10.

Key Levels

Resistance zones: 111,00 *;

Support zones: 110,00;

* Periodic level

Signals

- It is recommended to buy the pair at a price of 110.10 with the prospect of moving towards 110.80.

- It is recommended to sell the pair after the price settled below 109.70 with the prospect of moving towards 108.90.

Draw your attention: Predictions are not a direct action to action!

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