The US Dollar To Japanene Yen Pair Has Potential For Further Big Growth

Analysis Of The EUR/JPY Pair Movement

Technical analysis:

Exchange Rates 22.09.2022 analysis

USD/JPY has been trading upside as I expected and the price has reached the first upside objective at the price of 145. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the multi day triangle pattern I see potential for further big growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 146.50 and 147.50.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of 143.50

 

Relevance up to 09:00 2022-09-23 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.

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Analysis Of The EUR/JPY Pair Movement

InstaForex Analysis

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