FX.co ★ Technical analysis of USD/JPY for May 29, 2018

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, stop loss at 109.25, take profit at 108.60.

Resistance levels: 109.75, 110.05., and 110.50

Support levels: 108.60, 108.30, and 108.00.