FX.co ★ USD/JPY analysis for February 18, 2022 - Potential completion of ABC downside correction

Technical analysis:

USD./JPY has been trading downside in the background but I see potential completion for the ABC correction.

Trading recommendation:

Due to potential completion of the ABC completion in the background and the rally this morning ,I expect further upside movement.

My advice is to watch for buying opportunities on the intraday dips with the potential upside objectives at 115,80 and 116,25.

Short-term trend is bullish and that is another confirmation for furhter rise....

Support level is set at 114,80