USDJPY Ready to test the next zone
After last week's FOMC and NFP data, the USD is showing strength
across the currency board.
This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close.
Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023.
A strong resistance is found near the top of the pattern.
A move above that area should push USDJPY further into the 149.50 - 150 price zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After last week's FOMC and NFP data, the USD is showing strength
across the currency board.
This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close.
Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023.
A strong resistance is found near the top of the pattern.
A move above that area should push USDJPY further into the 149.50 - 150 price zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached:
Trade closed: target reached:
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