USDJPY → False break of support, Yen weakens. 160.0 again?

Atualizado
USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.

snapshot
Buyers liquidation on the back of strong bullish trend. (A big player collects the position)

In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.

Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77


The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.

Regards R. Linda!
Nota
Consolidation above the key support is forming.
Closing of the session will determine the short- and medium-term potential for traders
Trade fechado: objetivo atingido
Target 1 reached
Nota
A break of 157.235 will continue the momentum
Nota
Pre-breakout consolidation is forming
Possible breakout of 157.23
Trade ativo
Resistance retest with a breakout target
Nota
A breakthrough is forming
Trade ativo
Consolidation is forming above 157.23.
If the bulls hold this area, further 158-160
Trade ativo
Breakout of key resistance.
the first target will be reached soon
Trade ativo
The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growth
Trade fechado: objetivo atingido
Target 2 reached
Trade ativo
After breaking through resistance, the currency pair is actively going upwards on the background of a weak yen
Trade ativo
snapshot
There's not much left to the goal...
We continue to hold
Trade fechado: objetivo atingido
160.21 reached!
Chart PatternsDXYFibonacci RetracementFLATFundamental AnalysisSupport and ResistanceTrend AnalysisTrend Line BreakUSDJPYZigzag

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