USD/JPY analysis for September 12, 2018

analytics5b98faec6abde.png

Recently, the USD/CAD has been trading downwards. The price tested the level of 1.3041. Anyway, according to the M30 time frame, I found exhausted sellers and a potential trap for sellers. The price stopped on the support trendline and that is a sign of strength. Watch for buying opportunities. The breakout of the supply trendline will confirm further upward movement. The upward target is set at the price of 1.3110.

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