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12:30 Tech on USD/JPY
Resistance 3: Y88.37 (January 4 and high)
Resistance 2: Y87.97 (January 7 intra day high)
Resistance 1: Y87.75 (session high)
Current price: Y87.52
Support 1: Y86.83 (session low, MA (100) H1)
Support 2: Y86.63 (December 28 high)
Support 3: Y85.65 (December 31 low)
Comments: the pair after a sharp rise, which began last year, is now demonstrating a small correction. At the same time, as seen in the chart, the currency has risen above the downtrend channel, and in that case, if it can gain a foothold there, will increase the probability of testing the maximum values of the year, and continue to further upward movement.
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