USDJPY continues to turn up the price?
Updated
Hello dear traders!
Last week, USDJPY broke out of its upward trend and started moving sideways. It is currently trading at 149.51. However, there are still no signs of USDJPY reversing its direction. This is evident as the currency pair is in an upward trend and is gradually approaching a strong resistance level at 150.000.
It is expected to retest the support level before the potential for further price appreciation. There is a significant breakout potential if UJ surpasses this resistance level.
Last week, USDJPY broke out of its upward trend and started moving sideways. It is currently trading at 149.51. However, there are still no signs of USDJPY reversing its direction. This is evident as the currency pair is in an upward trend and is gradually approaching a strong resistance level at 150.000.
It is expected to retest the support level before the potential for further price appreciation. There is a significant breakout potential if UJ surpasses this resistance level.
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