USD/JPY Breakout Above 107.98 Confirms Next Targets

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The USD/JPY has been in a steady uptrend. However the break of 107.98 is needed for the pair to proceed further to the upside.

The so popular “Ninja” – USD/JPY needs to break 107.98 in order to proceed to 108.25 and possibly 108.60. However have in mind that the POC zone is slightly below. Rejections from 108.75-85 could also make the pair bounce to 107.98 and above but it needs a strong momentum in order to advance. London Session can be slow for the pair but the US session should be more momentum-based for the USD/JPY. Pay attention to bounce from POC and/or breakout of 107.98.

Cheers and safe trading,
Nenad Kerkez aka Tarantula FX

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