FX.co ★ Daily analysis of USD/JPY for May 27, 2016

Overview

The price continues forming strong obstacle against the USD/JPY pair's positive attempts, which forces the price to fluctuate within a sideways track and show some slight negative trading. Stochastic continues attempting to gather the positive momentum in the daily time frame. In general, we will continue suggesting the bullish trend on the intraday and short-term basis unless breaking the 106.63 level. Our next main target is located at 113.97. The expected trading range for today is between the 109.00 support and the 111.00 resistance.