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Technical analysis:
USD/JPY has been trading upside this morning and I see potential for the continuation of the strong upside trend in the background.
Trading recommendation:
Due to the strong upside cycle in the background and potential pullback play, I see further upside continuation.
Watch for the buying opportunities on the intraday dips with the upside objective at the price of 145 and 146.50.
Key support is set at the price of 141.50
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
