FX.co ★ USD/JPY uptrend intact

USD/JPY Minor Drop!

The USD/JPY pair dropped in the short term but the uptrend remains intact as long as it stays above the uptrend line. Only dropping and stabilizing below the uptrend line could invalidate an upside continuation and could announce a new downside movement.

Staying above the uptrend line and passing above the minor downtrend line and above the 115.70 immediate high may announce an upside continuation.

USD/JPY Trading Conclusion!

Jumping and stabilizing above 115.70 could be seen as a new buying opportunity. This scenario could confirm further growth.