USDJPY: What is the next challenge?
Updated
Hello dear friends!
So after weeks of anticipation, USDJPY has finally reached the desired resistance level of 150.00.
As mentioned in Karina's previous analysis, even though UJ has been trading sideways, it doesn't necessarily mean that this currency pair will decrease, and there are no signs indicating a reversal. The question is how long it will take for this pair to reach the 150.00 mark.
Regarding today's UJ price: After surpassing the yearly high of 150.000, USDJPY needs time to solidify this upward momentum. The price is currently moving sideways around the 150.221 area and may retest the previous breakout zone to officially confirm this strong price increase.
If you find this article helpful and informative, please leave a comment for Karina!
So after weeks of anticipation, USDJPY has finally reached the desired resistance level of 150.00.
As mentioned in Karina's previous analysis, even though UJ has been trading sideways, it doesn't necessarily mean that this currency pair will decrease, and there are no signs indicating a reversal. The question is how long it will take for this pair to reach the 150.00 mark.
Regarding today's UJ price: After surpassing the yearly high of 150.000, USDJPY needs time to solidify this upward momentum. The price is currently moving sideways around the 150.221 area and may retest the previous breakout zone to officially confirm this strong price increase.
If you find this article helpful and informative, please leave a comment for Karina!
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