The USD/JPY pair was trading at 145.70 at the time of writing. It stands right below the 145.79 higher high which represents an upside obstacle. The uptrend line is seen as a downside obstacle. As long as the currency pair stays above it, the price could approach and reach new highs.
USD/JPY Trading Conclusion!Jumping and stabilizing above the 145.79 former high activates a potential upside continuation and helps traders to buy this pair. Only dropping below the uptrend line may invalidate further growth.