Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ USD/JPY broke 141.97 obstacle

header image

Forex Analysis

31 July 2023 at 6:49PM (UTC+0)
iconRelevance until1 August 2023 at 6:49PM (UTC+0)

USD/JPY broke 141.97 obstacle

USD/JPY broke 141.97 obstacle

USD/JPY Under Strong Upside Pressure!

The USD/JPY pair ended its downside movement and now it has registered a strong upwards movement. Now, it has jumped above its former high of 141.97 which represents an upside obstacle.

See also: You can open a trading account here

From the technical point of view, when the price jumps above an upside obstacle signals an upside continuation.

USD/JPY Trading Conclusion!

Jumping and stabilizing (consolidating) above 141.97 may announce further growth. The breakout was seen as a buying opportunity.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account