USDJPY – Bullish Momentum Strengthens
Hello everyone,
The USDJPY pair continues to show upward momentum today as it trades within a rising channel. Price is currently well supported by the dynamic support line, while the overall trend still favors the bulls.
If buying pressure holds, the next target is the 155.000 zone, which coincides with the long-term descending resistance line. This will be a critical level to watch: a breakout above could pave the way for a stronger bullish extension.
On the other hand, if USDJPY loses dynamic support and closes below the channel, short-term correction risks will emerge.
Given the current setup, buyers clearly have the upper hand. Do you think USDJPY will reach 155.000 soon?
Hello everyone,
The USDJPY pair continues to show upward momentum today as it trades within a rising channel. Price is currently well supported by the dynamic support line, while the overall trend still favors the bulls.
If buying pressure holds, the next target is the 155.000 zone, which coincides with the long-term descending resistance line. This will be a critical level to watch: a breakout above could pave the way for a stronger bullish extension.
On the other hand, if USDJPY loses dynamic support and closes below the channel, short-term correction risks will emerge.
Given the current setup, buyers clearly have the upper hand. Do you think USDJPY will reach 155.000 soon?
Trade active
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.
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.