FX.co ★ USD/JPY: Up reversal needs confirmation

USD/JPY has decreased as little in the short-term failing to reach the black downtrend again. Still, another upside momentum followed by a breakout above the downtrend line and of the 106 psychological level could bring a great buying opportunity.

Jumping and stabilizing above 106 makes USD/JPY very attractive for buyers. The pair could drop deeper again if it fails to reach the downtrend line.

• USD/JPY Trading Tips & Conclusion

Buy an increase, jump beyond 106.00 psychological level, and above the downtrend line. The 108.00 could be used as an upside target.