FX.co ★ USD/JPY analysis for June 05, 2017

Recently, the USD/JPY has been trading downwards. The price tested the level of 110.27. Anyway, according to the 30M time frame, I found a fake breakout of the Friday's low, which is a sign that selling today looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 111.00 and 111.20.

Resistance levels:

R1: 110.60

R2: 110.85

R3: 110.90

Support levels:

S1: 110.45

S2: 110.35

S3: 110.25

Trading recommendations for today: watch for potential buying opportunities.