FX.co ★ USD/JPY: 141.92 key obstacle

USD/JPY Uptrend!

The USD/JPY pair is trading at 141.53 at the time of writing and it seems determined to jump higher as long as it stays above the uptrend line. You knew from my previous analysis that passing above the downtrend line announced a potential upside reversal.

From the technical point of view, the 141.92 former high represents an upside obstacle. Its failure to retest the uptrend line announced strong buyers.

USD/JPY Trading Conclusion!

Jumping and stabilizing above 141.92 validates further growth.