USDJPY - A REBOUND FOLLOWING DOLLAR STRENGTH
Symbol - USDJPY
CMP - 150.25
USDJPY pair is experiencing an upward movement in line with the performance of the US dollar. A temporary reversal is currently unfolding, driven by domestic political and economic factors in the United States.
The price is consolidating in the range of 149.40 - 148.60 after a significant decline. This long-term consolidation is creating a reversal pattern, further supported by the reversal and strengthening of the US dollar. Consequently, the Japanese yen is losing ground.
Key resistance is located at 150.30, should the bulls manage to maintain support above this level, there is potential for further price appreciation toward trend resistance in the short to medium term.
Resistance levels: 150.30, 150.95
Support levels: 149.40, 149.15
At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach 152.30
CMP - 150.25
USDJPY pair is experiencing an upward movement in line with the performance of the US dollar. A temporary reversal is currently unfolding, driven by domestic political and economic factors in the United States.
The price is consolidating in the range of 149.40 - 148.60 after a significant decline. This long-term consolidation is creating a reversal pattern, further supported by the reversal and strengthening of the US dollar. Consequently, the Japanese yen is losing ground.
Key resistance is located at 150.30, should the bulls manage to maintain support above this level, there is potential for further price appreciation toward trend resistance in the short to medium term.
Resistance levels: 150.30, 150.95
Support levels: 149.40, 149.15
At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach 152.30
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.