Currency pair analysis: USD/JPY

USD/JPY

The currency pair trades in the range of the upper flat border. The resistance level of 114.32 holds back the buyers. A bearish divergence has formed at the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions. The ascending wave pattern of the H2 level is truncated.

USD/JPY rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop Loss: above the local maximum (114.32).

Target levels: 113.50; 112.80.