U.S. Dollar / Japanese Yen
Long
Updated

USDJPY Looking Very Strong side

173
USD/JPY Poised for Breakout: Bullish Momentum Ahead?

USD/JPY to be gearing up for a significant breakout. Based on current market data, we are observing strong bullish momentum, suggesting the potential for a major upward move.

Key Observations:

Technical Structure: Pattern seems to be forming a breakout pattern rather than a breakdown, indicating that upward price movement is more likely the U.S dollar remains one of the strongest global currencies, supported by robust economic data and interest rate differentials.

Resistance zone 148.500
Support Levels 143.000

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