TradingView
DredDine
Aug 31, 2022 1:43 PM

USD/JPY Attracts More Buyers! Long

U.S. Dollar/Japanese YenFXCM

Description

Technically, the USD/JPY pair is positive as long as it remains above the R1 (138.20). Upside barriers are represented by R2 (138.90) and 139.07.

Additionally, the uptrend line functions as dynamic support; only a new lower low and a legitimate breakdown below this line might render the upward scenario incorrect and herald a bearish reversal.

Trade closed: target reached

More