This week the USD/JPY currency pair held a round level of 109.000. On the daily chart, a classic pattern of the Price Action method Outside Bar was formed. This formation indicates the development of the bullish sentiment. We recommend you to pay attention to this situation. Confirmations and entry points to the market are better to look for on smaller timeframes.
The movement is tending potentially to the local resistance of 112.750.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.