USD / JPY Technical Analysis - Uniglobe Markets

USD / JPY Technical Analysis

Posted on February 9, 2018 at 05:39 AM

The USD / JPY pair is showing an attempt to rise to reach 109.60 and settle above it, and its stability above this level is positive and may be cause for further upside.

Therefore, stability above 109.60 will keep the upside attempts, but trading above 111.00 will be necessary to prove this intraday outlook and prevent a bearish intraday wave.

Trend: The pair is trading above 109.60 targeting 111.00 and 111.50 with stability at 109.00

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