- USDJPY broke resistance level 158.00
- Likely to rise to resistance level 160.00
USDJPY currency pair recently broke the resistance level 158.00, which is the upper border of the narrow sideways price range inside which the pair has been trading from December.
The breakout of the resistance level 158.00 should accelerate the active minor impulse wave 5 of the intermediate impulse wave (3) from the start of December.
Given the clear daily uptrend and the continued bullish US dollar sentiment, USDJPY currency pair can be expected to rise to the next resistance level 160.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.