USD/JPY Poised for a Potential Upswing from Key Support Zone

5 gün önce

USD/JPY Poised for a Potential Upswing from Key Support Zone

The USD/JPY pair recently tested a robust daily support zone dating back to December 3, 2024, which has held strong for nearly three months.

The price has demonstrated buyer interest, as evidenced by the recent halt in this area. It has already rebounded by nearly +100 pips, rising from 148.54 to 149.60.

While there is some risk given that it's still early, the likelihood of another rise—whether a small or deeper correction—is present, especially with the re-emergence of political uncertainty as Trump resumes his familiar tactics.

Key resistance levels to watch are:
151.00
152.10
153.40

You may find more details in the chart!
Thank you and Good Luck!

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USDJPY - target 1 reached and it should rise more.