Main Quotes Calendar Forum
flag

FX.co ★ USD/JPY uptrend intact

parent
Forex Analysis:::2022-02-16T19:06:40

USD/JPY uptrend intact

USD/JPY uptrend intact

USD/JPY Minor Drop!

The USD/JPY pair dropped in the short term but the uptrend remains intact as long as it stays above the uptrend line. Only dropping and stabilizing below the uptrend line could invalidate an upside continuation and could announce a new downside movement.

Staying above the uptrend line and passing above the minor downtrend line and above the 115.70 immediate high may announce an upside continuation.

USD/JPY Trading Conclusion!

Jumping and stabilizing above 115.70 could be seen as a new buying opportunity. This scenario could confirm further growth.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...