USDJPY 4H : Support further rise up
USDJPY
New forecast
The USD/JPY pair continues to fluctuate around the support of the ascending channel, and is quietly creeping upward to reach the 150.00 barrier, waiting for this level to be crossed to open the way towards heading towards our next positive target at 150.55 and 151.00.
In general, we continue to favor the upward trend for the coming period unless the 148.74 level is broken and holds below it, as breaking this level will put pressure on the price to start a downward corrective wave for the rise that started from the 138.05 areas.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 150.00 , 150.55
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The USD/JPY pair continues to fluctuate around the support of the ascending channel, and is quietly creeping upward to reach the 150.00 barrier, waiting for this level to be crossed to open the way towards heading towards our next positive target at 150.55 and 151.00.
In general, we continue to favor the upward trend for the coming period unless the 148.74 level is broken and holds below it, as breaking this level will put pressure on the price to start a downward corrective wave for the rise that started from the 138.05 areas.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 150.00 , 150.55
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
