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FX.co ★ USD/JPY further upside has to be confirmed

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Forex Analysis:::2022-03-09T18:04:14

USD/JPY further upside has to be confirmed

USD/JPY further upside has to be confirmed

USD/JPY Retests The Broken Obstacles!

The USD/JPY pair increased as much as 115.89 where it has found strong supply. Now, the price is located at 115.78 at the time of writing. As you already know from my previous analyses, 115.70 and 115.79 former highs represented upside obsatcles.

I've told you that jumping and stabilizing above the former highs could announce an upside continuation.

USD/JPY Trading Conclusion!

Staying above 115.70 and jumping above 115.89 former high could activate further growth and could bring new buying opportunities.

Analyst InstaForex
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