UsdJpy- Bulls could take control again

13 Tem 2023

After the recent high at 145 zone and a small consolidation to the top, UsdJpy fell hard, losing around 700 pips in just one week.
However, the overall medium-term trend remains bullish and, with the price near an important horizontal level of support, traders could look for buying opportunities.
In my opinion, this level will hold, and dips under the 138 zone should be bought with a target to the first level of resistance, around 141.

14 Tem 2023

Not

After a short lived dip under 138 indicated support, UsdJpy reversed strongly.
So far all are looking good with the trading with almost 100 pips profit.