USDJPY encountered challenges for the continued trend
Updated
Dear readers, USDJPY is maintaining a strong upward trend above the 150.00 level, but it is currently trading relatively calmly as it fails to surpass the resistance level at 150.49.
At the time of writing, the price is trading at 150.20. In my opinion, it would be wise to retest the previous breakout zone around 150.05 or look for support levels lower around 149.80. The bullish trend will continue to prevail as long as it remains well established above 149.80. What are your thoughts on this?
At the time of writing, the price is trading at 150.20. In my opinion, it would be wise to retest the previous breakout zone around 150.05 or look for support levels lower around 149.80. The bullish trend will continue to prevail as long as it remains well established above 149.80. What are your thoughts on this?
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