USDJPY → False break of support, Yen weakens. 160.0 again?

5 cze

USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.


Buyers liquidation on the back of strong bullish trend. (A big player collects the position)

In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.

Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77

The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.

Regards R. Linda!

5 cze

Uwaga

Consolidation above the key support is forming.
Closing of the session will determine the short- and medium-term potential for traders

7 cze

Transakcja zamknięta: osiągnięto wyznaczony cel

Target 1 reached

10 cze

Uwaga

A break of 157.235 will continue the momentum

10 cze

Uwaga

Pre-breakout consolidation is forming
Possible breakout of 157.23

11 cze

Zlecenie aktywne

Resistance retest with a breakout target

11 cze

Uwaga

A breakthrough is forming

16 cze

Zlecenie aktywne

Consolidation is forming above 157.23.
If the bulls hold this area, further 158-160

17 cze

Zlecenie aktywne

Breakout of key resistance.
the first target will be reached soon

19 cze

Zlecenie aktywne

The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growth

20 cze

Transakcja zamknięta: osiągnięto wyznaczony cel

Target 2 reached

21 cze

Zlecenie aktywne

After breaking through resistance, the currency pair is actively going upwards on the background of a weak yen

24 cze

Zlecenie aktywne

There's not much left to the goal...
We continue to hold

26 cze

Transakcja zamknięta: osiągnięto wyznaczony cel

160.21 reached!