FX.co ★ kavon.collins | Game of Life: Visionary Insights into the Forex Market!

USD/JPY I wish you a good day. The technical picture in the movement of the currency pair USD/JPY on the daily chart shows a clear development of an ascending long-term trend. In the last wave of growth from the level of 152.10 to the current maximum of 160.40, we have not seen any significant bearish corrections, which I measure using the "Zigzag" indicator. This indicates the strength of the bulls and predicts further advancement of the USD/JPY pair to the north. Moreover, the trading of the past week also ended with a bullish candlestick pattern when the D1 stochastic reversed upwards with full support from the advisor. The pair is trading in an area of active buying, firmly above the rising 14-period moving average line (MA14) and both bands of the rising trend indicator "2 EMA Color Alerts". This means that possibly without any southern corrections, in the near future, the bulls may attempt to reach the 161 level with a possible breakthrough towards updating the pair's global maximum at 162.00.