USD/JPY Temporary Growth!
The USD/JPY pair is trading at 131.91 at the time of writing. As you can see on the H1 chart, after its massive drop, the rate tried to rebound and recover. It has climbed as much as 132.45 where it has found supply.
USD/JPY increased within a minor up channel. Dropping below the channel's downside line, below the uptrend line signaled exhausted buyers. The 132.45 yesterday's high represents an upside obstacle while the 131.56 immediate low represents a downside obstacle.
USD/JPY Trading Conclusion!
Dropping below the 131.56 obstacle could confirm a deeper drop. 130.64 represents a potential downside target.
