USDJPY continues to have difficulty on the way up
Hello everyone, this is Brian!
Today, the USDJPY market remains calm with minimal fluctuations. Currently, UJ is moving sideways and trading around the price level of 147.67. It seems that UJ is facing difficulties in finding opportunities to increase its price as it struggles to surpass the strong resistance level at 147.80. Despite several attempts, UJ has been unsuccessful in breaking through.
If it manages to overcome this point, UJ will experience a strong breakthrough and development. On the other hand, if it fails to do so, UJ will decrease towards 147.00 and subsequently reach 146.20.
Today, the USDJPY market remains calm with minimal fluctuations. Currently, UJ is moving sideways and trading around the price level of 147.67. It seems that UJ is facing difficulties in finding opportunities to increase its price as it struggles to surpass the strong resistance level at 147.80. Despite several attempts, UJ has been unsuccessful in breaking through.
If it manages to overcome this point, UJ will experience a strong breakthrough and development. On the other hand, if it fails to do so, UJ will decrease towards 147.00 and subsequently reach 146.20.
Comment:
good luck
Comment:
UJ is still continuing its horizontal movement without too many changes
Comment:
A convincing break below the latter might prompt some technical selling and drag the USD/JPY pair back towards the 147.00 round figure. Spot prices might then slide to the 146.50 horizontal support, which if broken will expose last week's swing low or sub-146.00 levels.
