UJ continues its upward trend above record highs
Hello dear friends, today USDJPY continues its stable upward trend at 148.05.
From a technical perspective, the sustainable strength and acceptance level at 148.00 can be seen as a new catalyst for bullish traders. Furthermore, the oscillators on the 4-hour chart are holding in positive territory and are still far from being overbought. Conversely, this indicates that the path of least resistance for the USD/JPY pair is upwards and supports the prospect of an extended upward trajectory.
Therefore, some upcoming actions aimed at testing the next relevant resistance barrier near the 148.80-148.85 area, on the way to the round figure of 149.00, seem like a distinct possibility. The momentum could potentially extend further and push the USD/JPY pair towards the 149.70 region before the bullish camp targets reclaiming the psychological level of 150.00 for the first time since October 2022.
From a technical perspective, the sustainable strength and acceptance level at 148.00 can be seen as a new catalyst for bullish traders. Furthermore, the oscillators on the 4-hour chart are holding in positive territory and are still far from being overbought. Conversely, this indicates that the path of least resistance for the USD/JPY pair is upwards and supports the prospect of an extended upward trajectory.
Therefore, some upcoming actions aimed at testing the next relevant resistance barrier near the 148.80-148.85 area, on the way to the round figure of 149.00, seem like a distinct possibility. The momentum could potentially extend further and push the USD/JPY pair towards the 149.70 region before the bullish camp targets reclaiming the psychological level of 150.00 for the first time since October 2022.
Comment:
good luck
Comment:
The DXY index (which measures the greenback's fluctuations against six major world currencies) traded at 105.4 points.
Comment:
UJ is up
