Looking To Buy USD/JPY On A Pull Back

USD/JPY – Dollar/yen looking strong, watch support for buying opportunities

The USD/JPY pulled back to the downside last week as price repelled down from key 114.50 key resistance. We remain bullish on this market as we can see a clear uptrend is being carved out on the daily chart. Traders can look to buy this week whilst price is above or near 112.90 – 113.30 short-term support. Watch for price to break up through the recent highs near 114.50 in the coming days.

usdjpy

Source: Learn To Trade The Market

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