Recently, USD/JPY has been trading upwards. The price tested the level of 110.41. According to the H1 time – frame, I found a rising trendline and successful breakout of the bullish flag, which is a sign that buyers are in control. The intraday trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 110.55 and at the price of 110.85.
Recently, USD/JPY has been trading upwards. The price tested the level of 110.41. According to the H1 time – frame, I found a rising trendline and successful breakout of the bullish flag, which is a sign that buyers are in control. The intraday trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 110.55 and at the price of 110.85.
Resistance levels: R1: 110.57R2: 110.93 R3: 111.37
Support levels: S1: 109.77 S2: 109.33S3: 108.97
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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