USD/JPY More Gains Ahead!
The USD/JPY pair extended its growth and now is trading at 146.82. As you can see on the H1 chart, the rate is trapped within an up channel. So, as long as it stays above the uptrend line, the price could approach and reach new highs.
Now, it has passed above the former high of 146.44 which represented an upside obstacle. Technically, the channel's upside line represents a major target if the rate continues to grow.
USD/JPY Trading Conclusion!
Jumping above 146.44 provided a buying opportunity as the price action announced further growth.
