FX.co ★ USD/JPY Minor Decline!

USD/JPY has registered an important growth after failing to stay under the uptrend line. Now is traded at 110.60 far above 110.32 former high. The pair could decrease a little after the last upwards movement.

A minor decline could help us to catch a new upside momentum. It could come back to test and retest the 110.32 level before resuming it gowth.

Trading Conclusion!

USD/JPY could resume its growth within the up channel. The current decline is natural after registering a sharp growth. The pair remains bullish as long as it stays above 110.32. The major upside target is seen at the channel's upside line.