Daily analysis of USD/JPY for September 28, 2017


The USD/JPY pair attempted to breach the sideways range resistance at 112.80 but without managing to hold above it, which keeps the domination of the sideways trading valid until now between the mentioned resistance and 111.75 support, waiting to breach one of these levels to manage to detect the next destination clearly. We remind you that breaching 112.80 will lead the price to continue rising and visit the previously recorded top at 114.49 as a next main target, while breaking 111.75 support will put the price under the negative pressure again, to start the negative targets at 110.90 and extend to 110.06. The expected trading range for today is between 111.75 support and 113.70 resistance.

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