USD/JPY: follow the push higher

USD/JPY: follow the push higher

2020-10-07 • Updated

USD/JPY formed a higher low at the end of last week. Today the pair is testing levels above the 50-day MA. There’s scope for a move up to the 106.50 area if it manages to overcome 106.00. Notice that that area will offer strong resistance so we don’t offer further targets for now.

Trade idea for USD/JPY

BUY 106.05; TP 106.50; SL 105.90

USDJPYDaily.png

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