Opinion on the USD/JPY pair

The US currency continues its decline against the yen based on flat statistic data on the US (see “The US dollar under pressure of statistical data”), as well as against the decline in the yield of the US state bonds, which on average dropped by 0.15% during Thursday’s trading.

Technical analysis: The pair USD/JPY demonstrates a downward motion in the short term. The main support levels are 112.45; 112.10. The resistance levels are 113.50; 113.85.

Computer analysis: The Stochastic Oscillator movings on the H1 chart indicate the oversold of the instrument,  one should expect an upward price correction.

The main recommendations: The main recommendation is the purchase of a pair from levels 112.45; 112.10, with the corresponding signal of the Stochastic Oscillator indicator on H1.

Fig. USD/JPY chart, current price – 112.82.

Alexander Sivtsov