For Traders

Analytical Reviews

Technical analysis

28.03.202316:43 Forex Analysis & Reviews: USD/JPY: upside reversal

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/JPY Range Pattern!

The USD/JPY pair is trading sideways in the short term between 129.74 and 131.73 levels. It has passed above the downtrend line which represents an upside obstacle but it has failed to stay there signaling strong sellers.

The 131.73 former high represents a static upside obstacle (resistance), while 130.55 and 129.74 represent downside obstacles.

USD/JPY Trading Conclusion!

Jumping and stabilizing above the downtrend line and passing beyond 131.73 activates further growth and an upside reversal. This is seen as a buying opportunity.

Back to the list

Open trading account

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.