FX.co ★ Technical analysis and trading recommendations for the USD / JPY currency pair as of May 15, 2018

The currency pair USD / JPY, having reached the psychological level of 110.00, felt resistance, where repeatedly we saw a touch of this value. Now, we see another rapprochement with the level of 110.00, leaving behind the "bull" candles. It is possible to assume that the quotation will once again feel resistance in the region of this value, rolling us back 50-60 points.

Traders at the same time should clearly monitor possible wagging near the value of 110.00 in case the "bullish" interest does not subside and the quotation will be able to firmly lock above the level.

Key Levels

Resistance - 110,00; 110.80 *; 111.65

Support - 108.90 *; 108.00

Periodic level *

Attention: Forecasts are not a direct guide to action!