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Usdjpysignlas

UsdJpy is pressing and pressing and pressing. 155 next?Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range. However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought. Even during Friday's NFP release, when USD was being sold, USDJPY experienced a quick reversal. These signs indicate a potential upward breakout, with 155 being the next target in such a scenario. I maintain a bullish outlook on this pair as long as the price remains above 150, and in my opinion, buying dips is the preferred strategy.
Long
by Mihai_Iacob
Updated
11
USDJPY: Waiting For The Next Swing Move 🇺🇸🇯🇵 USDJPY is trading in a bullish trend. After the price set a new higher high, we see quite an extended consolidation within a horizontal range. 150.9 is the resistance of the range. If the market breaks and closes above that on a daily, we can anticipate a trend-following movement. Next resistance will be 151.6 Alternatively, a bearish breakout of the support of the range may trigger a bearish continuation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
77

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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