usdjpy sell
The USD/JPY trades around 157.70 on Friday. Daily chart analysis indicates a continued bullish trend, with the pair moving upwards within an ascending channel pattern. The 14-day Relative Strength Index (RSI) is just below the 70 level, reinforcing the bullish outlook. A breakout above the 70 mark could signal an overbought condition, which might lead to a potential downward correction for the pair.
The USD/JPY pair could test its monthly high at 158.08, reached on Thursday. A break above this level could support the pair to target the upper boundary of the ascending channel near the 160.30 level.
The USD/JPY pair could test its monthly high at 158.08, reached on Thursday. A break above this level could support the pair to target the upper boundary of the ascending channel near the 160.30 level.
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