FX.co ★ Technical analysis and trading recommendations for the USD/JPY currency pair as of January 31, 2018

The currency pair USD/JPY shows an active downward interest, approaching the support level of 108 and perceived for further support, then slowed down its movement. As of this writing, we see a fluctuation in the areas of 108.40 / 109.00 and continued to show a "bearish" interest. It is possible to assume that the downward mood is remained unchanged, where it is possible for the quotation to go down to the level of 108.00. This level could provide another support and continue to be in the flat. In this variation, it is worth considering the breakdown of the boundaries or the level where pending orders are placed.

Key Levels

Resistance - 110.20; 110.80 *; 111.50

Support - 108.00; 107.20 * 105.50

* periodic level

Attention: Predictions are not a direct guide to action!

* The presented market analysis is informative and does not constitute a guide to the transaction.