Trading JPY USD is quiet but the price increases steadily
Updated
Hello traders!
It seems that USD JPY is still struggling to overcome a strong resistance zone around 150.000. Looking at the 1-hour chart, we can see that UJ has not been able to surpass the 150.00 level.
However, there have been consistent upward movements with continuous price increases and a narrowing range. Any breakout from this range could potentially create an opportunity for further price appreciation in this currency pair, pushing it towards new highs.
It seems that USD JPY is still struggling to overcome a strong resistance zone around 150.000. Looking at the 1-hour chart, we can see that UJ has not been able to surpass the 150.00 level.
However, there have been consistent upward movements with continuous price increases and a narrowing range. Any breakout from this range could potentially create an opportunity for further price appreciation in this currency pair, pushing it towards new highs.
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USDJPY continues to trade within the price rangeComment
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