USDJPY has been in a bullish trend with the formation of higher highs and higher lows. We are looking for the market to move at support at the price of 143.80. This level will act as a retest of the broken resistance turn support. We will book the profits at the next impulse upwards.

The ascending trendline might be retested at the support level and might act as a confluence for the continuation.

We do not see any retracement on this pair. 

EMA 50 is bullish and the retest will be at the support level. 

RSI is at 67. At the support level, the RSI will be neutralized at the 50 level and conform to the technical parameters of the analysis.

USDJPY buys from 143.80

Jun 28 2023