Recently, the USD/JPY has been trading sideways at the price of 109.08. On the 1H time frame I found hidden bullish divergence on the oscillators and broken supply trend-line in the background, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the levels of 109.40 and 109.85.
Support levels:
S1: 108.40
S2 :107.95
S3: 107.60
S1: 108.40
S2 :107.95
S3: 107.60
Trading recommendations for today: watch for potential buying opportunities.
