The USD/JPY keeps moving higher within the uptrend channel after posting a new higher high in yesterday’s trading. How far can the UJ move?
USD/JPY uptrend could be aiming for the Fibonacci targets around 113.30-80.
The USD/JPY bounce at the support trend line (green) of the uptrend channel and is now challenging the previous top. A break above that could see price move higher towards the Fibonacci targets. This could be part of a potential wave 3 (orange) pattern.
