Recently, the USD/JPY has been trading upwards. As I expected, the price reached my first target at 109.49. According to the 1H time frame, I still expect the USD/JPY pair to move higher. My advice is to watch for potential selling opportunities. The next upward target is set at the price of 109.85. There is a broken supply trendline and hidden bullish divergence in the background, which is a sign that selling looks risky.
Trading recommendations for today: watch for potential buying opportunities.
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Performed by Petar Jacimovic, Analytical expert
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.