USDJPY 4H : 148.74 Support to rise up

USDJPY

New forecast

The dollar pair against the yen fell sharply after touching our first awaited target at 150.00, to break the support of the ascending channel and reach the 147.30 level, which represents the 23.6% Fibonacci retracement level of the rise that started from the 138.05 areas, noting that the price rebounded quickly from there to head towards Resuming the main bullish trend again, on its way to initially test the 150.00 level.

Therefore, we expect to witness more upward bias during the coming sessions, and breaching the target 150.00 level will push the price to 150.55 and 151.00 as the next positive station, keeping in mind that breaking 148.74 will stop the expected rise and put pressure on the price to conduct an additional downward correction.

Additionally ,Today News will affect the market .

support line : 148.74 , 147.79
resistance line : 150.00 , 150.55

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