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We are currently witnessing the continuous rally of USD/JPY, which has reached 149.98 and is expected to hit the 151.00 mark soon, as previously predicted.
On the price chart, an upward trendline has formed, supported by the 34 & 89 EMAs converging, signaling further bullish potential for the pair with no significant reversal in sight. The immediate resistance to watch is 151.00, while the key support level to monitor is the 0.618 Fibonacci retracement at 149.00.
We are currently witnessing the continuous rally of USD/JPY, which has reached 149.98 and is expected to hit the 151.00 mark soon, as previously predicted.
On the price chart, an upward trendline has formed, supported by the 34 & 89 EMAs converging, signaling further bullish potential for the pair with no significant reversal in sight. The immediate resistance to watch is 151.00, while the key support level to monitor is the 0.618 Fibonacci retracement at 149.00.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.