USD/JPY attracts more buyers

USD/JPY Upside Continuation Still In Cards!

The USD/JPY pair changed little in the short term. It's trapped between the 133.00 and 133.87 levels. After its strong growth, the rate tries to attract more buyers before resuming its growth.

As you already know from the previous analysis, jumping above the downtrend line signaled a new upside movement. Dropping below 133.00 may announce a downside movement towards the uptrend line.

USD/JPY Trading Conclusion!

Jumping above the 133.87 former high activates further growth and represents a buying opportunity.

The material has been provided by InstaForex Company - www.instaforex.com

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