FX.co ★ USD/JPY grows as expected

USD/JPY Upside Breakout?

The USD/JPY pair was trading at 138.73 at the time of writing. You knew from my previous analysis that the pair could resume its growth as long as it stays above the uptrend line and if it jumps above the 137.56 former high.

Technically, the price could approach and reach the 139.19 former high which represents the next upside target. As long as it stays above the uptrend line, USD/JPY could resume its growth despite temporary drops.

USD/JPY Trading Conclusion!

The USD/JPY pair could extend its growth if it jumps and stabilizes above the 139.19 former high which stands as an upside obstacle. This scenario could bring new buying opportunities.