The price of USD/JPY is currently approaching a support level and could be setting up for a pullback. If it bounces off this support, we could see a potential upward move. However, if the support is broken, the next target could be the next support level
Key scenarios to watch:
If the price bounces back from the support, it may signal a reversal. If the price breaks out below the support, it could move toward the next support level. Let’s monitor closely and see how it develops!
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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.