empty
 
 
23.06.2021 07:29 PM
USD/JPY Towards Fresh New Highs!

This image is no longer relevant

USD/JPY rallies and it could hit new highs anytime. The up-channel is still intact, so the pair could try to move towards the upside line.

Now it has managed to jump above the 110.87 level which has represented an important upside obstacle. Stabilizing above it could really confirm further growth.

Trading Conclusion!

Passing above the former highs signaled strong buyers and an upside outlook. It could resume its growth if it jumps and stabilizes above the 110.00 level.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 April 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback