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07.01.2022 03:15 PM
USD/CAD analysis for January 07, 2022 - Inside day formation

Technical analysis:

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USD/JPY has been trading sideways at the price of 115,90 and I see potential for the breakout.

Trading recommendation:

Watch for the potential breakout of the resistance at the price of 116,35 to confirm further upside continuation.

Upside objectives are set at the price of 116,83 and 117,50.

Important support level is set at the price of 115,50.

short-term upside trend is still active and that buying breakout are preferable....

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