USD/JPY : Bulls are coming back?! Let's See! (READ THE CAPTION)

1 718
Upon analyzing the USD/JPY daily chart, we observe that the price precisely hit our previously forecasted target of 148.65 before declining further to 146.5. Following that, USDJPY rallied back up to 151 and is currently trading around 150.680. Should the price manage to stabilize above 150.5, we can anticipate further gains in this pair. This analysis will be updated accordingly.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban
Trade active
By analyzing the USD/JPY chart on the daily timeframe, we can see that after a pullback to 148.70, the pair faced renewed buying pressure and is currently trading around 149.470. If the price manages to stabilize above the 150 level soon, we can expect a potential rally toward 151.2 as the first target.
This analysis will be updated accordingly!

snapshot
Trade closed: target reached
By examining the USD/JPY chart on the daily timeframe, we can see that the price is currently trading around 149.2, and if the price can stabilize above 149, we can expect further growth from USD/JPY!
Other assumptions from the previous analysis are still valid!

snapshot

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.