FX.co ★ remington.kihn | USD/JPY

USD/JPY has been behaving very technically throughout the week. This markup on the chart was provided at the beginning of the week and as we can see, the price moved very clearly from the boundaries. By the end of the week, the price stopped at the inclined support around 149.85. Here we have the lower boundary of the ascending channel, so it can be assumed that the pair will resume its growth right from current levels towards the resistance at 151.15. A breakout of this level will allow us to expect further growth towards 152.00. However, if the current inclined support is broken downwards, the ascending trend will be broken, and it will be possible to consider making selling bets again.