USDJPY is ready for the next price increase
Updated
Hello dear friends! As predicted yesterday, USDJPY continues to rise with trading around 149.76.
Currently, this currency pair is consolidating near the high level of 150.00 after receiving strong support from breaking out of the sideways channel at 149.42. Surpassing the 150.00 level will further drive the upward momentum of USDJPY.
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Currently, this currency pair is consolidating near the high level of 150.00 after receiving strong support from breaking out of the sideways channel at 149.42. Surpassing the 150.00 level will further drive the upward momentum of USDJPY.
If you find this article helpful, please leave a like and follow to receive the latest updates on my new articles.
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Note
The economic backdrop in the United States is dynamic, which could limit the decline in the US Dollar (USD). The consumer price index (CPI) exceeded expectations in September, with annual growth of 3.7%, slightly above the 3.6% estimate.Note
USDJPY could retest 149.50, before anything happens that causes it to rise againNote
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