USDJPY → A rebound following a rising dollar

3 days ago

USDJPY is growing following the dollar. A local reversal is being formed due to US politics and economy

The price stops in the zone of 149.4 - 148.6 after a strong fall. Long-term consolidation is forming a reversal setup, the situation is also supported by the reversal and strengthening of the dollar. Against this background, the Japanese yen is losing positions.
The focus is on the resistance 150.3, if the bulls can keep the defense above this zone, then in the short to medium term the price may strengthen to the trend resistance.

Resistance levels 150.3, 150.95
Support levels: 149.4, 149.15

At the moment we have a downtrend and the potential for counter-trend correction. Everything depends on the dollar and the upcoming news. If the outcome is positive for us, the price may reach 152.3

Regards R. Linda!

3 days ago

Trade active

The currency pair within the framework of local retest successfully fixes above the key level and continues its growth after the resistance breakout