USD/JPY Sideways Movement!
The USD/JPY pair continues to move somehow sideways in the short term. It's trapped between the downtrend and uptrend lines. Also, it moves sideways between 146.83 and 148.79 levels.
The uptrend line and 146.83 represent downside obstacles, while the downtrend line and 148.79 represent upside obstacles.
USD/JPY Trading Conclusion!
Jumping and stabilizing above the downtrend line and above 148.79 validates further growth. This scenario helps the traders to buy the currency pair.
Dropping and stabilizing below the uptrend line and below 146.83 announces more declines.
