FX.co - USD/JPY analysis for June 30 2021 - End of the downside correction and potentila for upside continuation

2021-06-30T12:26:32

Relevance until2021-06-30

Technical analysis:

USD/JPY analysis for June 30 2021 - End of the downside correction and potentila for upside continuation

USD/JPY has been trading downside but I see potential for the end of the downside correction.

Trading recommendation:

Watch for potential for buying opportunities due to end of the downside correction.

Upside target is set at the price of 110.10

Stochastic is showing oversold condition and fresh bull cross, which is another sign for the upside continuation.

Support is set at the price of 111.47

*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 June 30 2021 - End of the downside correction and potentila for upside continuation