USD/JPY analysis for January 03, 2019 - ConsultFX

USD/JPY analysis for January 03, 2019


Recently, the USD/JPY pair has been trading downwards. The price tested the level of 105.13. According to the M30 time – frame, I found that there is the selling climax in the background, which is a big warning for a further downside. In my opinion, the downside is limited and there can be an absorption of the climax. My advice is to watch for buying opportunities and potential upward movement. The upward targets are set at the price of 108.47 and at the price of 109.45.

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