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Technical analysis of USD/JPY


Technical analysis of USD/JPY

The chart shows the movement of USD/JPY in the four-hour (H4) chart.

Comparing the recent movement to that of June 19 and June 27's, it is obvious that there is uncertainty in the market, which hinders the pair from completing a correction. Even so, there is a chance for the quotes to reach 135.50, then decline to 129.00. That is a rather moderate correction.

Good luck!

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