Technical analysis of USD/JPY 01/15/2021

The USD/JPY currency pair is moving in an uptrend on the daily chart. At the moment quotes are at the level of 103.70. The technical picture suggests a continuation of the downward movement to annual lows to the level of 101.00. Cancellation of the pair’s decline option will be the growth above the level of 104.70, the upper boundary of the descending channel and MA 100 on the daily timeframe.

USDJPY_STPDailyC

Created by Joshua Hayn

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