FX.co - USD/JPY analysis for December 27, 2021 - Upside continuation in the play

2021-12-27T12:34:18

Relevance until2021-12-28

Technical analysis:

USD/JPY analysis for December 27, 2021 - Upside continuation in the play

USD/JPY has been trading upside today and I see potential for the further upside continuation.

Trading recommendation:

Due to breakout of the consolidation in the background and upside momentum, I see potential for the upside continuation.

Watch for buying opportunities on the pullbacks with the upside targets at 114,90 and 115,40.

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

Support is set at the price of 114,50

*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 December 27, 2021 - Upside continuation in the play