Recently, the USD/JPY pair has been trading upwards. The price tested the level of 112.74 in a high volume. According to the 30M time frame, I found a bullish trend and a successful test of the horizontal base. The price also broke the 4H Camarilla resistance, 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 112.90 and 113.10.
Resistance levels:
R1: 112.75
R2: 112.95
R3: 113.20
Support levels:
S1: 112.25
S2: 111.90
S3: 111.75
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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