FX.co ★ USD/JPY Challenges 143.70 Upside Obstacle

USD/JPY Uptrend

The currency pair is trading at 143.69 at the time of writing and is trying to extend growth. The uptrend line represents a downside obstacle. As long as it stays above it, the rate could approach new highs.

The former high of 143.70 represents an upside obstacle. Staying near this level may announce a breakout and further growth ahead.

USD/JPY Trading Conclusion!

Passing above 143.70 and stabilizing above this obstacle announces further growth and is seen as a buying opportunity.