Recently, the USD/JPY has been trading sideways at the price of 108.93. According to the 1H time frame, I found hidden bullish divergence in the background on the oscillators. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 109.38 and 109.85.
Resistance levels:
R1: 109.08
R2: 109.23
R3: 109.50
Support levels:
S1: 108.65
S2: 108.40
S3: 108.25
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, the USD/JPY has been trading sideways at the price of 108.93. According to the 1H time frame, I found hidden bullish divergence in the background on the oscillators. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 109.38 and 109.85.
Resistance levels:
R1: 109.08
R2: 109.23
R3: 109.50
Support levels:
S1: 108.65
S2: 108.40
S3: 108.25
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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