USDJPY Set to Surge Higher – Targeting 150.00?
Updated
Dear traders!
USDJPY is currently maintaining a fairly steady uptrend, hovering around 147.64 despite a slight 0.34% adjustment downwards during the day. In my personal view, this correction is largely due to the pair encountering the upper boundary of the short-term rising channel. However, upon closer inspection, technical factors such as the rising wedge and the EMA 34.89 remain strong, indicating that the appeal of this pair is far from over.
Considering these factors, Ben’s personal opinion is that USDJPY will likely continue its upward momentum, with a potential target around 150.00.
Wishing you all successful and prosperous trading!
USDJPY is currently maintaining a fairly steady uptrend, hovering around 147.64 despite a slight 0.34% adjustment downwards during the day. In my personal view, this correction is largely due to the pair encountering the upper boundary of the short-term rising channel. However, upon closer inspection, technical factors such as the rising wedge and the EMA 34.89 remain strong, indicating that the appeal of this pair is far from over.
Considering these factors, Ben’s personal opinion is that USDJPY will likely continue its upward momentum, with a potential target around 150.00.
Wishing you all successful and prosperous trading!
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