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06.01.2023 02:46 PM
The USD/JPY pair developed a strong upwards movement and now is trading at 134.36. The former high of 134.52 former high (historical level) represents an upside obstacle. On the other hand, the uptrend line is seen as a downside obstacle (support). Also, the 133.90 broken high could represent a downside obstacle.
Passing and stabilizing above the 134.52 former high (upside obstacle) may announce further growth and brings new buying opportunities.
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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
