Looking at the technical picture of USD/JPY we can see that the main trend of the current pair is up. And the recently recorded peak of 148.15 provides strong resistance against the price, waiting for a break of 148.80 to confirm the opening of the way for further upward movement towards the target. Our next major is 148.76.
The ascending channel is currently supporting the price below, enhancing the chances of an expected uptrend.
The ascending channel is currently supporting the price below, enhancing the chances of an expected uptrend.
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