USDJPY Intraday Bullish Above 111.75


USDJPY is intraday bullish above 111.75 and is further supported by a bullish inverted head and shoulders pattern across the four-hour time frame. Is the pair aiming for extra gains?

14 September, OctaFX – The US dollar has moved to a fresh monthly trading high against the Japanese yen, as rising equity markets and improving risk-on trading sentiment prompts traders to sell the yen currency.

USDJPY Intraday Bullish Above 111.75

The USDJPY pair remains intraday bullish while trading above the 111.75 level, and is further supported by a bullish inverted head and shoulders pattern across the four-hour time frame.

  • The USDJPY pair is strongly bullish while trading above the 111.75 level, key resistance is found at the 112.10 and 112.80 levels.
  • If the USDJPY pair moves below the 111.75 level, key support is found at the 111.40 and 111.00 levels.

Disclaimer

This article about USDJPY Intraday Bullish Above 111.75 was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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