USD/JPY Strong Buyers!
The USD/JPY pair resumed its growth as long as it stays above the uptrend line. From the technical point of view, the 143.69 former high represented an upside obstacle (resistance). Jumping above this level and retesting it signaled further growth.
Also, the price failed to come back to retest the uptrend line announcing strong buyers and a potential upside continuation.
USD/JPY Outlook!
Passing and stabilizing above 143.69 confirmed further growth. Breaking above the 144.00 psychological level was seen as buying opportunity. The 144.98 higher high represents an upside target. A larger growth could be activated only if the price jumps and stabilizes above this key level.
