Hello traders, what do you think about USDJPY?
As of now, USDJPY is showing a slight upward movement after the recent correction. The price is trading around 147.59, not changing much since the beginning of the session.
The Japanese yen remains under pressure due to Japan’s slow recovery and ongoing economic challenges, giving USD an edge to capitalize on recent gains.
From a technical standpoint, USDJPY is moving in an ascending wedge pattern. After testing the trendline support near 147, the pair could be headed toward the psychological target of 150, or even higher towards the upper trendline boundary in the coming days.
Keep an eye on the price action near key resistance levels as the market continues to evaluate global economic factors, especially the upcoming US jobs data and Fed policy outlook.
What’s your take on USDJPY? Do you expect this pair to rise further? Let me know in the comments below!
As of now, USDJPY is showing a slight upward movement after the recent correction. The price is trading around 147.59, not changing much since the beginning of the session.
The Japanese yen remains under pressure due to Japan’s slow recovery and ongoing economic challenges, giving USD an edge to capitalize on recent gains.
From a technical standpoint, USDJPY is moving in an ascending wedge pattern. After testing the trendline support near 147, the pair could be headed toward the psychological target of 150, or even higher towards the upper trendline boundary in the coming days.
Keep an eye on the price action near key resistance levels as the market continues to evaluate global economic factors, especially the upcoming US jobs data and Fed policy outlook.
What’s your take on USDJPY? Do you expect this pair to rise further? Let me know in the comments below!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.