FX.co - USD/JPY analysis for September 28, 2023

2023-09-28T08:40:22

Relevance until2023-09-29

Technical analysis:

USD/JPY analysis for September 28, 2023 - Buyers in control

USD/JPY has been trading downside this morning but I see potential for the further upside continuation of the trend.

Due to the strong upside trend and the potential for the bull flag pattern completion, I see chance for the further growth.

Upside objectives are set at the price of 149.70 and 150.20

RSI Oscillator is showing upside trend, which is good sign for the further rally...

Support level is set at the price of 149.20

*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 28, 2023 - Buyers in control