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Technical analysis

29.01.201812:30 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / JPY currency pair as of January 29, 2018

Long-term review

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The USD / JPY currency pair shows an active downward interest, where the quotation came close to the support level of 108.00. Currently, it shows how the price feels the support in a slowed movement and gives the opportunity for the bulls to return to the market. It can be assumed that a gradual change of forces, where the "bulls" will try to work out the level and would result in a correction to 110.20 / 110.80.

Key Levels

Resistance - 110.20; 110.80 *; 111.50

Support - 108,00; 107.20 *; 105.50

* periodic level

Draw your attention: Predictions are not a direct guide to action!

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