Recently, the USD/JPY pair has been trading upwards. The price tested the level of 111.95. According to the H4 time – frame, I found the confirmed 30-day continuational inverted head and shoulders pattern (bullish) in the background, which is a sign that selling looks risky. I also found the re-test of the neckline at 111.70, which is another sign of the strength. Watch for buying opportunities. The upward target is set at the price of 113.15.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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