FX.co - USD/JPY analysis for May 25 2021 - Potential for test of 109.30 and 109.60

2021-05-25T12:58:42

Relevance until2021-05-26

Technical analysis:

USD/JPY analysis for May 25 2021 - Potential for test of 109.30 and 109.60

USD/JPY has been trading upwards today and I think that there is good space for further upside.

Trading recommendation:

Watch for potential buying opportunities on the intraday pullbacks with the upside targets at 109.20, 109.30 and 109.50

Stochastic is showing extreme reading but with no bear cross, which is still positive reading...

Main support is set at 108.70

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for May 25 2021 - Potential for test of 109.30 and 109.60