JinDao_Tai

USD/JPY Outlook (7 Septeber 2022)

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The USDJPY reaches and breaches 142 as previously analysed.

The USDJPY consolidated at the 140.50 price level before breaking out strongly to reach a high of 143.

With the upward trendline on the daily timeframe, and the 161.80 fib level showing the potential target level of 145, the USDJPY could continue climbing towards that price level before a strong deep correction to the downside.

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