USD JPY TECHENICAL TRADE

📉 USDJPY Breaks Downtrend Structure 📈

Monday started unexpectedly for traders with Trump's actions, which shook localized situations not only in the forex market…

The imposition of tariffs, another batch of statements about the Eurozone, BRICS, and also this: "Trump said that the Fed made the right decision last week to suspend rate cuts" produced a corresponding reaction in the market.

🔥 On the back of inflation expectations, the dollar is accelerating its growth, thus provoking a rally in USDJPY.

🔍 Technical Outlook

📌 Resistance Levels: 155.95, 156.6
📌 Support Levels: 155.0, 153.6

⚡ The price is trying to consolidate in the buying zone, but the resistance at 155.95 is holding the price back from active strengthening.

📊 Breakdown and consolidation above this area may provoke growth to the trend resistance