USD/JPY Price Analysis: Bullish cointinuaiton on the cards

USD/JPY 140.16 and 139.50 are vulnerable on the downside.
Bulls eye a break of 140.91 in the coming sessions.

Ross J Burland FXStreet

Having briefly touched a six-month high of 140.91, USD/JPY, the US Dollar drifted lower and USD/JPY reached 140.40 the low. The following illustrates a bullish bias on the charts.

USD/JPY H4 charts

The price has been hugging a trendline support area and there is little sign that the bullish trend will not continue while above 140.00. We have seen a pullback into prior resistance and this leaves the prospects of a continuation for the days ahead. 140.90 is the level to break on the upside while 140.16 and 139.50 are vulnerable on the downside.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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