The USD/JPY Pair Upwards And Potential For Continued Growth
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Technical analysis:
USD/JPY has been trading upside as I expected. The price reached my first upside objective at 140.45 and there is possibility to test second upside objective.
Trading recommendation:
Due to the strong upside momentum and upside trend, I see potential for further growth.
Watch for potential buying opportunities on the intraday dips with the upside objective at the price of 146.00.
MACD oscillator is showing strong upside reading with no signs for the reversal.
Key support is set at the price of 138.20
Relevance up to 10:00 2022-09-03 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
