The USD/JPY Pair Has The Potential For Further Growth

Analysis Of The EUR/JPY Pair Movement

Technical analysis:

USD/JPY has been trading upside as I expected and the price is heading towards first upside objective at 150.00/

Trading recommendation:

Due to the strong upside pressure and the breakout of the most recent range, I see potential for bigger growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 150 and 159

Stochastic oscillator is showing fresh bull cross, which is strong sign that buyers are in control.

Key support is set at the price of 148.70

 

Relevance up to 06:00 2022-10-20 UTC+00 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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