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06.01.2023 02:46 PM
USD/JPY: 134.52 critical obstacle

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USD/JPY Strong Buyers!

The USD/JPY pair developed a strong upwards movement and now is trading at 134.36. The former high of 134.52 former high (historical level) represents an upside obstacle. On the other hand, the uptrend line is seen as a downside obstacle (support). Also, the 133.90 broken high could represent a downside obstacle.

USD/JPY Trading Conclusion!

Passing and stabilizing above the 134.52 former high (upside obstacle) may announce further growth and brings new buying opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
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