USD/JPY Strong Buyers!
The USD/JPY pair registered strong growth and now almost reached the 145.00 psychological level which stands as an upside obstacle. It remains to see how it will react after this strong growth. In the short term, we cannot exclude a temporary drop.
You can see that USD/JPY dropped after reaching this level in the past. Jumping above this level may signal further growth towards 145.83 high which represents an upside obstacle.
USD/JPY Trading Conclusion!
Jumping and stabilizing above the 145.83 upside obstacle activates further growth and helps the buyers to catch a larger growth. This scenario could bring new buying opportunities as well.
