USDJPY intraday technical analysis - 29/06/2017

USDJPY

112.317 / 112.321

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bearish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Mark at 112.43 (R1) acts as next resistive barrier on the way if the instrument keeps it upside potential. Break here is required to achieve higher targets at 112.75 (R2) and 113.06 (R3) later on today.
Downwards scenario: Risk of market weakening is seen below the support level at 112.05 (S1). Loss here is required to enable our supportive barrier at 111.77 (S2) en route towards to final target for today at 111.46 (S3).

Resistance levels: 112.43, 112.75, 113.06

Support levels: 112.05, 111.77, 111.46