Dear friends, Currently, escaping the price range has caused the product to weaken without surpassing the resistance level of 150,000. At the time of writing, the UJ currency market is trading at 149.63.
Regarding technical analysis:
The upward trend is still being strongly reinforced without any breakthrough yet, as every time frame indicates the rising trend of the currency pair. However, this short-term psychological decline seems to be a major obstacle for investors to buy in. It is not excluded that USDJPY may continue to slightly decrease to the support zone of 148.94 before the upward momentum is reinforced again. What is your viewpoint on this matter?
Regarding technical analysis:
The upward trend is still being strongly reinforced without any breakthrough yet, as every time frame indicates the rising trend of the currency pair. However, this short-term psychological decline seems to be a major obstacle for investors to buy in. It is not excluded that USDJPY may continue to slightly decrease to the support zone of 148.94 before the upward momentum is reinforced again. What is your viewpoint on this matter?
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