USD/JPY Uptrend Unharmed!
The USD/JPY pair is trading at 130.31 at the time of writing. As long as it stays above the uptrend line, the price could resume its climb. The 131.03 former high stands as a static upside obstacle. On the other hand, the uptrend line represents a downside obstacle.
In the short term, the USD/JPY pair could test and retest the uptrend line before resuming its growth. Only dropping and stabilizing below the uptrend line could invalidate an upside continuation and could signal a new downside movement.
USD/JPY Trading Conclusion!
Staying above the uptrend line and 131.23 today's high may signal further growth and could bring new buying opportunities with potential targets at 132.00 and 133.00 levels.
