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Technical analysis:
USD/JPY has been trading uspide as I expected. The price reached first objective at the price of 144.95 but I see potential for further upside movement towards next reference points.
Trading recommendation:
USD/JPY is trading downside this morning but I see potential for the upside continuation later during the day.
Watch for the buying opportunities on the dips with the upside objective at the price of 146.90.
MACD oscillator is showing upside reading, which is good sign that upside momentum is strong.
Key support is set at the price of 141.55
*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.
