FX:USDJPY   Dollar Américain / Yen japonais
As you are aware, I've held a bullish outlook on USDJPY and anticipated a rise from the 145.50-146 zone.
My target of 150 has not only been met but surpassed.
However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate.

While we lack confirmation for a reversal at the moment, there are indications suggesting one might occur.
Firstly, the 150-151 zone appears to be a region the Bank of Japan (BoJ) is determined to defend.
Secondly, the reversal from the peak is an Evening Star candlestick pattern, commonly associated with reversals.
Thirdly, as detailed in a DXY analysis from two days ago, the USD may encounter headwinds and begin to decline.

As mentioned, confirmation is crucial, which would need a break below the 149.50-149 zone.
In the event of such a break, the pair could potentially drop by 400 pips to the significant 145 level.




🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.