USD/JPY has decreased as little in the short-term failing to reach the black downtrend again. Still, another upside momentum followed by a breakout above the downtrend line and of the 106 psychological level could bring a great buying opportunity.
Jumping and stabilizing above 106 makes USD/JPY very attractive for buyers. The pair could drop deeper again if it fails to reach the downtrend line.
- USD/JPY Trading Tips & Conclusion
Buy an increase, jump beyond 106.00 psychological level, and above the downtrend line. The 108.00 could be used as an upside target.
