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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/JPY analysis for July 14, 2017

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Recently, the USD/JPY pair has been trading sideways at the price 113.20. Anyway, according to the 4H time frame, I found a breakout of rising wedge in the background, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of 112.85.

Resistance levels:

R1: 113.50

R2: 113.65

R3: 113.75

Support levels:

S1: 113.25

S2: 113.35

S3: 113.00

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com