U.S. Dollar / Japanese Yen
Long
Updated

USD/JPY Market Update: Support Holds and Resistance Levels Ahead

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USD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000.

I’ve explained the market clearly in my chart analysis for easier understanding.

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Trade closed: stop reached
Nobody’s perfect in this world, and I’m no exception. However, I always believe in setting goals and striving for the best. Recently, I shared an analysis on USD/JPY, but the breakout turned out to be a fake one, and the trend didn’t follow as expected. That said, I don’t give up easily. Give me some time, and I’ll come back with an even better setup for you. Stay tuned!

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