RLinda ! USDJPY-> Breaking resistance, the yen weakens

6 févr. 2023

USDJPY breaks through resistance. Late price reaction to a number of fundamental factors from the previous week. What's next?

The dollar index is getting stronger. The price of currency pair usdjpy breaks through the resistance of the descending channel and the level of 131.25. For continuation of movement upwards it is necessary to wait for final fixing of the price above the earlier broken zone.

I expect the continuation of growth from the level of 131.25. Short-term target is the resistance level of 134 and 135.5, medium-term target is the liquidity zone of 139.38.

Regards R.Linda!