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05.06.201813:55 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / JPY currency pair as of June 5, 2018

Long-term review

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The USD/JPY currency pair is showing an active upward interest as it reached 110.00, where it felt a periodic ceiling above itself. Now, we can see a completely rational pullback, showing moderate volatility. It is possible to assume the transition to the correction stage, but it is too early to speak of a deep movement, since the "bullish" interest may still be present on the market. From this point of view, it is possible to consider the first point at 109.40, where in case of a decline below 109.35, a deeper motion can be considered. Otherwise, after approaching the first point, we can quickly return to the level of 110.00, where a cluster with a new plot has begun to form.

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