Recently, the USD/JPY pair has been trading upwards. As I expected, the price tested the level of 110.48. According to the H1 time – frame, I found a broken resistance trendline and bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities if you see a valid breakout of the bullish flag. The upward target is set at the price of 111.40.
Trading recommendations for today: watch for potential buying opportunities.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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