The currency pair is trading at 144.41 at the time of writing, right below 144.55 today’s high. As you can see on the H1 chart, the price extended its growth within an up channel. As long as it stays above the uptrend line, the USD/JPY pair could resume its growth.
Technically, today’s high of 144.55 represents an upside obstacle, while the uptrend line and 143.90 (former high) represent downside obstacles.
USD/JPY Trading Conclusion!
Jumping and stabilizing above 144.55 confirms an upside continuation and brings new buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY Strong Buyers!
The currency pair is trading at 144.41 at the time of writing, right below 144.55 today’s high. As you can see on the H1 chart, the price extended its growth within an up channel. As long as it stays above the uptrend line, the USD/JPY pair could resume its growth.
Technically, today’s high of 144.55 represents an upside obstacle, while the uptrend line and 143.90 (former high) represent downside obstacles.
USD/JPY Trading Conclusion!
Jumping and stabilizing above 144.55 confirms an upside continuation and brings new buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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