USDJPY Rebounds After Pullback – Uptrend Continues

Apr 9

USDJPY Rebounds After Pullback – Uptrend Continues

In the broader picture, USDJPY remains confined to a strong uptrend.
The price is still in a correction and is dominated more by a bullish momentum despite it falling from a pause in the war between the US and Iran.

The price started to rise in a clear way and is likely to reach the top of the 159.50 and 159.90 pattern again.

You may find more details in the chart.
Thank you and good luck! 🍀

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Apr 10

Trade active

From our analysis yesterday, USDJPY rose to 159.38 as expected.

Today we have the US CPI data, so the market was hesitant to rise further ahead of the data.

USDJPY may make a small correction before moving further after the data. A normal correction could be near to 159 and a deep correction can test 158.80 before it moves up again. The bullish momentum remains intact.

Apr 13

Trade closed: target reached