Target: 115.00
Risk: 112.25
Technical reasons:
The USDJPY pair’s return to the ascending channel indicates achieving expected additional rises, and surpassing 113.95 will confirm rallying towards 115.00 initially.
On the other hand, breaking 112.90 then 112.25 will put the price under negative pressure that its first target reaches 111.40.
Risk: 112.25
Technical reasons:
The USDJPY pair’s return to the ascending channel indicates achieving expected additional rises, and surpassing 113.95 will confirm rallying towards 115.00 initially.
On the other hand, breaking 112.90 then 112.25 will put the price under negative pressure that its first target reaches 111.40.