USD/JPY at Key Support: Bullish Momentum with Possible Correctio

28 באוק׳

USD/JPY is currently sitting at a strong support level that has proven its significance in the past. Although the price previously broke through this level with strong momentum, it has since lost steam. The overall trend and outlook still indicate a potential continuation of the bullish movement. However, be mindful of the possibility of a correction. If you observe strong upward momentum, you may consider joining the uptrend, targeting previous high (161.70) levels as indicated on the chart.