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- USD/JPY Price Analysis: Bullish cointinuaiton on the cards
USD/JPY Price Analysis: Bullish cointinuaiton on the cards
- USD/JPY 140.16 and 139.50 are vulnerable on the downside.
- Bulls eye a break of 140.91 in the coming sessions.
Having briefly touched a six-month high of 140.91, USD/JPY, the US Dollar drifted lower and USD/JPY reached 140.40 the low. The following illustrates a bullish bias on the charts.
USD/JPY H4 charts
The price has been hugging a trendline support area and there is little sign that the bullish trend will not continue while above 140.00. We have seen a pullback into prior resistance and this leaves the prospects of a continuation for the days ahead. 140.90 is the level to break on the upside while 140.16 and 139.50 are vulnerable on the downside.
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