Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

USD/JPY analysis for September 14, 2018

September 15, 2018 Analytics

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Recently, the USD/JPY pair has been trading upwards. The price tested the level of 111.95. According to the H4 time – frame, I found the confirmed 30-day continuational inverted head and shoulders pattern (bullish) in the background, which is a sign that selling looks risky. I also found the re-test of the neckline at 111.70, which is another sign of the strength. Watch for buying opportunities. The upward target is set at the price of 113.15.

The material has been provided by InstaForex Company – www.instaforex.com

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