FX.co ★ USD/JPY: up channel

USD/JPY Upside Continuation!

The USD/JPY pair registered a strong upwards movement within an up channel pattern. Technically, the uptrend line represents a downside obstacle. As long as it stays above it, the rate could resume its growth.

It's located at 151.56 at the time of writing and it seems determined to extend its growth. The historical level of 151.72 represents an upside obstacle.

USD/JPY Trading Conclusion!

Jumping and stabilizing above 151.72 indicates further growth ahead.