USD/JPY has been on a year-long upward trend, and it soared from 114.836 to its highest level of 129.403 last month, hitting a 10-year high. What is undeniable on the D1 chart is that the uptrend remains strong. Although it can be seen that the RSI has entered an overbought state, a strong upward trend is still inevitable.
The H1 chart price has fallen back to safety. The descending channel has also successfully broken up. The ADX indicator +DI is also above -DI, and the uptrend has returned.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
