2024-12-16 19:51
IndustryUSD/JPY: High probability of continued rise
From the USD/JPY price action, the upside momentum has increased, and I expect the USD/JPY to break 154.00, if it does, the long target will look to 154.95.
In the near term, I maintain a bullish view on USD/JPY. However, a break below 152.70 will dissipate the upward momentum of USD/JPY and turn negative. The first bearish target is 151.20. I expect a range of 153.00 to 154.60 today.
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USD/JPY: High probability of continued rise
Hong Kong | 2024-12-16 19:51
From the USD/JPY price action, the upside momentum has increased, and I expect the USD/JPY to break 154.00, if it does, the long target will look to 154.95.
In the near term, I maintain a bullish view on USD/JPY. However, a break below 152.70 will dissipate the upward momentum of USD/JPY and turn negative. The first bearish target is 151.20. I expect a range of 153.00 to 154.60 today.
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