Trading Conditions
Products
Tools
USD/JPY dropped in the short term again but the outlook remains bullish as long as it stays above the major uptrend line. The pair is trapped below a new minor downtrend line. If it jumps and stabilizes above, it could bring a new buying opportunity.
The price could retest the red uptrend line before passing above the downtrend line. The pressure is still high as long as it stays below the minor downtrend line.
USD/JPY could still grow as long as it stays above the uptrend line. Jumping and stabilizing above the downtrend line and beyond 109.20 could signal a new upside movement to the target of 110.00.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.