USDJPY Ready to test the next zone
USDJPY Ready to test the next zone
After last week's FOMC and NFP data, the USD is showing strength
across the currency board.
This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close.
Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023.
A strong resistance is found near the top of the pattern.
A move above that area should push USDJPY further into the 149.50 - 150 price zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After last week's FOMC and NFP data, the USD is showing strength
across the currency board.
This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close.
Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023.
A strong resistance is found near the top of the pattern.
A move above that area should push USDJPY further into the 149.50 - 150 price zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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