2024-12-27 17:41
IndustryUSD/JPY: Maintain a bullish view in the near term
Yesterday, the USD/JPY rose to 157.92 and attempted to break, but was unable to do so due to strong resistance. USD/JPY currently has a slight downward bias and needs to gain momentum to achieve the 160 target. I remain bullish on USD/JPY in the short term. However, if it breaks below 156.7, then the USD/JPY may enter a downtrend, and the first downside target is seen at 155.75.
Today I expect USD/JPY to trade between 156.9 and 158.5.
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USD/JPY: Maintain a bullish view in the near term
Hong Kong | 2024-12-27 17:41Yesterday, the USD/JPY rose to 157.92 and attempted to break, but was unable to do so due to strong resistance. USD/JPY currently has a slight downward bias and needs to gain momentum to achieve the 160 target. I remain bullish on USD/JPY in the short term. However, if it breaks below 156.7, then the USD/JPY may enter a downtrend, and the first downside target is seen at 155.75.
Today I expect USD/JPY to trade between 156.9 and 158.5.
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