Recently, the USD/JPY pair has been trading downwards. The price tested the level 112.43. Anyway, according to the 15M time frame, I found hidden bullish divergence on the moving average oscilator and a broken falling wedge (bullish). My advice is to watch for potential buying opportunities. Targets are set at the price of 113.15 and 113.40.
Resistance levels:
R1: 112.73
R2: 112.77
R3: 112.85
Support levels:
S1: 112.60
S2: 112.55
S3: 112.50
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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