FX.co - USD/JPY analysis for September01, 2021 - Breakout of the multiday balance to the upsside

2021-09-01T11:40:49

Relevance until2021-09-02

Technical analysis:

USD/JPY analysis for September01, 2021 - Breakout of the multiday balance to the upsside

USD/JPY has been trading upside and I found the breakout of the multi day balance in the background.

Trading recommendation:

Due to the breakout of the consolidation on good volume, I see potential for the upside movement.

Watch for buying opportunities on the pullbacks with the upside targets at

110,55

110,80

Support is set at the price of 110,30

*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 September01, 2021 - Breakout of the multiday balance to the upsside