ElenaMayi

USDJPY Will end the consolidate trade

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

NEW forecast

For a long time, the USDJPY price has been trading in the same zone between 151.85 and 151.16, without any breaking.

For today, it looks like the price is trying to be bullish to get to the top resistance level of 151.85. Breaking this level will support the price to reach the next station at 153.04.

Otherwise, under 151.16, by closing the 1H candle, it will fall to reach the next negative target of 150.80.

Pivot level: 150.37
Tendency: uptrend
Entry Price: 151.82

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