FX.co ★ USD/JPY: 131.37 as upside obstacle

USD/JPY Sideways Movement!

The USD/JPY pair is trading at 130.02 at the time of writing. In the short term, it is moving somehow sideways between 131.37 (upside obstacle) and 127.35 (downside obstacle). After passing above the downtrend line, the pair signaled a potential upside reversal. Still, in the short term, it could continue to move sideways.

USD/JPY Trading Conclusion!

Jumping and staying above 131.37 may announce further growth and is seen as a buying opportunity.