💱USDJPY - Market aims for 150 on weak yen

8 בספט׳ 2023

USDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar.

TA on the high timeframe:
1) A break of 144.897 sends the price to 148.86
2) A small rebound from this level is possible with further growth to 152.0 in the medium term.

TA on the low timeframe:
1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed
2) If the second level is broken, the market will get a target of 147.87.
3) But! A rebound to 146.56 with further growth is possible.

Key support📉: 146.56
Key resistance📈: 147.4