Relevance up to 13:00 2022-06-29 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.
Technical analysis:
USD/JPY has been trading upside and the upside trend is resuming. I expect further rise and potential for the next upside references. Trading recommendation: Due to the breakout of consolidation and strong upside trend. I see potential for the further continuation. Watch for potential buying opportunities on the intraday dips with the upside objectives at 136.75 and 139.00. Stochastic is showing overbought condition but new fresh bull cross, which is good sign for further rally. Key support is set at the price of 134.60
