USD/JPY Poised for Breakout with Cup and Handle Pattern
Mis à jour
The formation of the "Cup and Handle" pattern indicates a continued bullish trend. Currently, the pair is trading around $149.224 after reaching a peak at $149.047, with key support near $147.331.
The next significant resistance level is projected around $149.047. If USD/JPY can break through this level, the upward trend will gain momentum, pushing the price toward new highs in line with the current trend.
The 34 and 89 EMA lines still indicate a dominant short-term uptrend, but investors should closely monitor key economic news from the U.S. that could significantly impact USD/JPY’s direction in the coming days.
Overall, the bullish trend remains intact, but a breakout above resistance is needed to confirm the next upward move.
The next significant resistance level is projected around $149.047. If USD/JPY can break through this level, the upward trend will gain momentum, pushing the price toward new highs in line with the current trend.
The 34 and 89 EMA lines still indicate a dominant short-term uptrend, but investors should closely monitor key economic news from the U.S. that could significantly impact USD/JPY’s direction in the coming days.
Overall, the bullish trend remains intact, but a breakout above resistance is needed to confirm the next upward move.
Transaction en cours
active
Join me on telegram for free: t.me/+i0C2yp-OV64wMzI1
✅ Win rate up to 85%
✅ Provides free trading signals
✅ Fast and accurate information
✅ Win rate up to 85%
✅ Provides free trading signals
✅ Fast and accurate information
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.