USD JPY: Continuing efforts to raise prices
Updated
Hello dear friends!
It can be seen that in the past few days, the expectation for USDJPY to surpass the 150.000 level has not been realized yet. The trading and movement trend of USDJPY seems to have become quieter when faced with this strong resistance level.
This is clearly reflected on the chart as the Bollinger Band is gradually narrowing, indicating that the price is likely to move sideways within a narrow range of 149.41 - 149.90 in the near future.
However, Karina still maintains her view that USDJPY will have the potential to break through the 150.00 resistance and continue to develop. What about you? Do you agree with this viewpoint?
It can be seen that in the past few days, the expectation for USDJPY to surpass the 150.000 level has not been realized yet. The trading and movement trend of USDJPY seems to have become quieter when faced with this strong resistance level.
This is clearly reflected on the chart as the Bollinger Band is gradually narrowing, indicating that the price is likely to move sideways within a narrow range of 149.41 - 149.90 in the near future.
However, Karina still maintains her view that USDJPY will have the potential to break through the 150.00 resistance and continue to develop. What about you? Do you agree with this viewpoint?
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Note
The dovish outlook, combined with generally optimistic risk sentiment, may persist in weakening the safe-haven Japanese Yen (JPY), indicating a higher likelihood of an upward trend for the USD/JPY pair.Note
The trend of Sideway is being implemented, the transaction continues to be implemented according to the plan, good luck, the warriors!Note
Despite the risk of intervention, Karina still keeps the view that JPY's price increase trend may need to be patient, maybe for the December Boj.Note
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