The USDJPY is currently at a critical level, with the price fluctuating around 149.00. The resistance level above is at 150.00, and if broken through, it may further test 151.00. The support level below is at 148.50, and if it falls below, it may drop to 148.00. Recently, the market has been focusing on the monetary policy trends of the Federal Reserve and the Bank of Japan. The strengthening of the US dollar and the weakness of the Japanese yen may push USDJPY higher.
USDJPY Trading strategy:
buy@148.50-149.00
tp:150.00-150.50-151.00
Traders, if this concept fits your style or you have insights, comment! I'm keen to hear.
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