FX.co - USD/JPY analysis for September 08 2021 - Watch for the pullback upside continuation

8 September 2021 at 12:19PM (UTC+0)

Relevance until9 September 2021 at 12:19PM (UTC+0)

Technical analysis:

USD/JPY analysis for September 08 2021 - Watch for the pullback upside continuation

USD/JPY has been trading downside this morning but I see potential for the pullback bull scenario.

Trading recommendation:

Watch for buying opportunities on the with the upside objectives at 110,43 and 110,75

Stochastic is showing fresh bull cross and oversold condition, which is sign for the fuehrer upside continuation.

Key support level is set at 10,12

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for September 08 2021 - Watch for the pullback upside continuation