FX.co ★ USD/JPY At Crossroads!

USD/JPY is trading at 109.37 level and is almost to reach and retest the uptrend line. It's trapped between the 109.49 and 109.23 levels.

Staying above the uptrend line and jumping above 109.49 former high could confirm further growth.

On the other hand, dropping below the uptrend line and under 109.23 could really indicate a deeper drop.

Trading Conclusion!

The outlook is still bullish, USD/JPY could increase as long as it stays above the uptrend line. Coming back above 109.49 could represent a new buying opportunity!