USDJPY: Short-Term Bullish Reversal?
I'm noticing a strong bullish reaction from buyers at a key daily support level on the 📈USDJPY chart.
After testing the highlighted blue zone, the price entered consolidation, forming a small horizontal range on the daily timeframe.
The breakout above the range resistance signals strong buying momentum. We expect further upside, with a target of at least 151.51.
After testing the highlighted blue zone, the price entered consolidation, forming a small horizontal range on the daily timeframe.
The breakout above the range resistance signals strong buying momentum. We expect further upside, with a target of at least 151.51.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.