USD/JPY Hits 150
Based on the USD/JPY daily chart, it can be seen that the pair is in a correction phase after a strong rally. Currently, the price is facing resistance at 150. This is a key resistance level, and if the price fails to break above this level, there is a high possibility of a correction to the 148 area or even further to 145, where there is strong support.
The 34 and 89 EMAs are also showing bullish trends, however, it should be noted that if the price fails to sustain above these lines, the long-term uptrend may be challenged. On the other hand, if the price breaks above 150 with high volume, the USD/JPY pair could continue to rise and move towards higher resistance levels.
The 34 and 89 EMAs are also showing bullish trends, however, it should be noted that if the price fails to sustain above these lines, the long-term uptrend may be challenged. On the other hand, if the price breaks above 150 with high volume, the USD/JPY pair could continue to rise and move towards higher resistance levels.
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