Analityka techniczna

USDJPY market technical outlook


Daily chart:

The major made a steep spurt yesterday and reached the pivot-level 106.766, but probably it’s not the ceiling, since upswing wasn’t completed with this move. Thus today bulls can try to test the next PPZ 107.230.


Local structure has uptrend and undergoes the stage of new trending upswing forming. Thus here we also can expect growth of the quotes above the last high (106.980).


Growth towards 107.230.

Trading recommendations:

Longs towards 107.230.