USDJPY: Back to Uptrend?
Hello everyone,
Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day.
From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618 Fibonacci retracement of the previous upward move, to hold, with the next target being the psychological level of 149.22.
What about you? Where do you think USDJPY will gain strength next? Share your thoughts!
Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day.
From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618 Fibonacci retracement of the previous upward move, to hold, with the next target being the psychological level of 149.22.
What about you? Where do you think USDJPY will gain strength next? Share your thoughts!
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Related publications
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.