FX.co ★ Technical analysis and trading recommendations for the USD/JPY currency pair as of March 5, 2018

The USD/JPY currency pair reached again the support level of 105.50, where it touches the support level. Currently, the formation of consolidation can be seen along that level, forming two-digit candles like "Doji". Probably, a temporary bump can be assumed around the value of 105.50, where the bulls will try to form a rollback of 106.10 / 106.35. But if the stagnation drags on and the bearish interest does not fall, we can see the formation of the flat to properly monitor the fixation beyond the boundaries.

Key Levels

Resistance - 107.40 * 108.00

Support - 105.50; 104.30 *

* periodic level

Attention: Predictions are not a direct action to action!

* The presented market analysis is informative and does not constitute a guide to the transaction.