empty
 
 
11.11.2021 10:19 PM
USD/JPY further growth awaits confirmation

This image is no longer relevant

USD/JPY upside breakout

The USD/JPY pair failed to resume its downside movement and now it has managed to jump above the downtrend line. Stabilizing above the downtrend line could signal further growth. You should be careful because failing to stay above this line could announce a potential downside movement.

114.18 former high is seen as an upside obstacle, as a resistance level. So, stabilizing above the downtrend line and passive above 114.18 could activate an upside continuation.

USD/JPY trading conclusion

Jumping above 114.18 could represent a buying opportunity. This scenario may confirm that USD/JPY could resume its upwards movement.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback