Recently, the USD/JPY pair has been trading sideways at the price of 113.50. According to the daily time frame, I found that price didn't have power to break Friday's low, which is a sign of strength. I also found that there is a flip from bearish to bullish on the 2-period rate of change, which is another sign of strength. My advice is to watch for buying opportunities today. The upward targets are set at the price of 113.95 and 114.30.
Resistance levels:
R1: 113.35
R2: 113.40
R3: 113.45
Support levels:
S1: 113.15
S2: 113.10
S3: 113.05
Trading recommendations for today: consider potential buying opportunities.
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