FX.co ★ USD/JPY analysis for August 31, 2017

Recently, the USD/JPY pair has been upwards. The price tested the level of 110.65 in a high volume. According to the 30M time frame, I found successful testing of support in a low volume, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 111.00 and 111.50. The daily trend is bullish.

Resistance levels:

R1: 110.60

R2: 111.00

R3: 111.50

Support levels:

S1: 109.70

S2: 109.15

S3: 108.80

Trading recommendations for today: watch for potential buying opportunities.