USDJPY promises the goal of 150,00
Greetings, traders!
At present, USDJPY is going through a phase of reinforcement as it undergoes a test to determine its upward movement. In the previous month, this currency pair closed at 149.23 and displayed strong support at 149.16. Moving forward, the next level of support lies at a low point of 148.45.
The favorable maintenance of this USDJPY with its current price will bolster the strength of currency pairs. Conversely, if it fails to sustain this upward momentum, the pair may revisit the previously defined low levels. The upward trend remains intact due to positive market developments that continue to support USDJPY's progress. Our objective is still focused on reaching and surpassing higher levels beyond 150.00.
At present, USDJPY is going through a phase of reinforcement as it undergoes a test to determine its upward movement. In the previous month, this currency pair closed at 149.23 and displayed strong support at 149.16. Moving forward, the next level of support lies at a low point of 148.45.
The favorable maintenance of this USDJPY with its current price will bolster the strength of currency pairs. Conversely, if it fails to sustain this upward momentum, the pair may revisit the previously defined low levels. The upward trend remains intact due to positive market developments that continue to support USDJPY's progress. Our objective is still focused on reaching and surpassing higher levels beyond 150.00.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.