FX.co ★ USD/JPY analysis for June 09, 2017

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 110.47. According to the 30M time frame, I found a fake breakout of yesterday's high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 109.80 and 109.50.

Resistance levels:

R1: 110.40

R2: 110.50

R3: 110.70

Support levels:

S1: 111.00

S2: 109.90

S3: 109.70

Trading recommendations for today: watch for potential selling opportunities.