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FX.co ★ USD/JPY analysis for December 27, 2023 - Potential for the rally towards upside references

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Forex Analysis

27 December 2023 at 10:41AM (UTC+0)
iconRelevance until28 December 2023 at 10:41AM (UTC+0)

USD/JPY analysis for December 27, 2023 - Potential for the rally towards upside references

Technical analysis:

USD/JPY analysis for December 27, 2023 - Potential for the rally towards upside references

USD/JPY has been trading upside today and I found breakout of the key resistance line at 142.60.

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The chart is in 2-hour time-frame and I see the re-test of the previous swing high, which is good sign for the further rally.

Momentum oscillator is showing positive reading and middle Keltner line is acting like support, which is another good sign for the further rally.

I see potential for the rally towards upside reference at 143.30

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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