FX.co - USD/JPY analysis for September 12, 2022 - Potential for the upside continuation

2022-09-12T08:43:16

Relevance until2022-09-13

Technical analysis:

USD/JPY analysis for September 12, 2022 - Potential for the upside continuation

USD/JPY has been trading upside this morning and I see potential for the continuation of the strong upside trend in the background.

Trading recommendation:

Due to the strong upside cycle in the background and potential pullback play, I see further upside continuation.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of 145 and 146.50.

Key support is set at the price of 141.50

*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 12, 2022 - Potential for the upside continuation