USD/JPY: uptrend in force
Tatiana Norkina, FBS analyst
The currency pair has fixed above the 121st figure. The key support was the Kijun-sen line in the 121.00 area. Bouncing from it, the pair resumed growth and is currently trying to maintain positions above the Tenkan-sen line.
All indicators are quite positive. Therefore, in our opinion, we should expect a rebound from Tenkan-sen upwards with the goal of further recovery in the near future.
Technical levels: support – 121.30/40; resistance – 122.00, 122.50, 122.90, 123.20.
1. Buy— 121.35; SL — 121.15; TP1 — 122.00; TP2 — 122.50.