FX.co ★ USD/JPY analysis for February 23, 2022 - Upside continuation in the play towards 115.80

Technical analysis:

USD/JPY has been trading upside as like I suggested yesterdays. Anyway, I still expect upside movement towards the next pivot due to the fresh money flow to the upside from yesterday.

Trading recommendation:

Due to strong upside impulsive movement from yesterday, I expect further upside continuation towards upside references.

Watch for potential buying opportunities on the dips with the upside objectives at 115,80 and 116,25.

In the background, there is the breakout of the slope pattern, which is good sign for the strength in the background.

Key support level is set at 114,50