USD/JPY Technical Analysis comments :
A correction occured on the pair USD/JPY which got out of its bearish channel and also of its neutral zone 82.50/82.82 from the top, giving us a buy signal. Currently, the pair is testing a pullback on 82.82 (level 38.20%) as support. We advise to trade the pair according to this level:
- Long if 82.82 is support. The breakout of 83 will give a new buy signal
- Short if 82.82 is resistance. The breakout of 82.33 will give a new sell signal.