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FX.co ★ USD/JPY analysis for September 12, 2022 - Potential for the upside continuation

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Forex Analysis:::2022-09-12T08:43:16

USD/JPY analysis for September 12, 2022 - Potential for the upside continuation

Technical analysis:

USD/JPY analysis for September 12, 2022 - Potential for the upside continuation

USD/JPY has been trading upside this morning and I see potential for the continuation of the strong upside trend in the background.

Trading recommendation:

Due to the strong upside cycle in the background and potential pullback play, I see further upside continuation.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of 145 and 146.50.

Key support is set at the price of 141.50

Analyst InstaForex
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