On the 4-hour chart, USDJPY formed a head-and-shoulders bottom pattern and then stabilized upward, with a short-term bullish trend. Currently, the effective support below is around 149.5, and it is expected to continue to rise if it falls back and does not break. The upper resistance is around 152.3, and after breaking through, the upper resistance is around 154.5.
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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.