USD/JPY analysis for December 29, 2017 888011000 110888 Recently, the USD/JPY set has been trading downwards. The price evaluated the level of 112.48. Inning accordance with the 4H time– frame, I discovered a breakout of upward trendline, which is a sign that buyers lost power and sellers took control. My recommendations is to watch for possible selling opportunities. The downward targets are set at the cost of 112.05 andat the costof 111.88. Resistance levels: R1: 113.25 R2: 113.62 R3: 113.95 Support levels: S1: 112.57 S2: 112.27 S3: 111.88 Trading suggestions for today: watch for possible selling opportunities.The material has been offered by InstaForex

By | December 29, 2017

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