The recent trend of the USD/JPY has been highly volatile. On the economic data front, the rise in Japan's unemployment rate and the decline in corporate capital expenditure have triggered selling pressure on the Japanese yen. However, factors such as corporate wage growth provide grounds for the Bank of Japan to consider raising interest rates.
From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out.
USDJPY
buy@148.000-149.000
tp:150.000-151.000
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out.
USDJPY
buy@148.000-149.000
tp:150.000-151.000
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
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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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.