USDJPY → False break of support, Yen weakens. 160.0 again?

Cập nhật
USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.

ảnh chụp nhanh
Buyers liquidation on the back of strong bullish trend. (A big player collects the position)

In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.

Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77


The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.

Regards R. Linda!
Ghi chú
Consolidation above the key support is forming.
Closing of the session will determine the short- and medium-term potential for traders
Đóng lệnh: đạt mục tiêu
Target 1 reached
Ghi chú
A break of 157.235 will continue the momentum
Ghi chú
Pre-breakout consolidation is forming
Possible breakout of 157.23
Giao dịch đang hoạt động
Resistance retest with a breakout target
Ghi chú
A breakthrough is forming
Giao dịch đang hoạt động
Consolidation is forming above 157.23.
If the bulls hold this area, further 158-160
Giao dịch đang hoạt động
Breakout of key resistance.
the first target will be reached soon
Giao dịch đang hoạt động
The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growth
Đóng lệnh: đạt mục tiêu
Target 2 reached
Giao dịch đang hoạt động
After breaking through resistance, the currency pair is actively going upwards on the background of a weak yen
Giao dịch đang hoạt động
ảnh chụp nhanh
There's not much left to the goal...
We continue to hold
Đóng lệnh: đạt mục tiêu
160.21 reached!
Chart PatternsDXYFibonacci RetracementFLATFundamental AnalysisSupport and ResistanceTrend AnalysisTrend Line BreakUSDJPYZigzag

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