USD/JPY Poised for a Potential Upswing from Key Support Zone
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!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
Trade closed: target reached
USDJPY - target 1 reached and it should rise more.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.