2024-12-23 18:39
IndustriUSD/JPY: Starting a downtrend
On Friday, USD/JPY pulled back strongly after approaching the 158 mark and appears to be entering a downtrend. Now we have to wait for USD/JPY to test the 155.74 target, if it breaks below here, USD/JPY may continue to fall and fall to the next major target 154.4. If USD/JPY can rise above 157.2, there is hope for a rebound and a resumption of the main uptrend.
Today I expect USD/JPY to trade between 156.40 and 158.00.
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USD/JPY: Starting a downtrend
Hong Kong | 2024-12-23 18:39On Friday, USD/JPY pulled back strongly after approaching the 158 mark and appears to be entering a downtrend. Now we have to wait for USD/JPY to test the 155.74 target, if it breaks below here, USD/JPY may continue to fall and fall to the next major target 154.4. If USD/JPY can rise above 157.2, there is hope for a rebound and a resumption of the main uptrend.
Today I expect USD/JPY to trade between 156.40 and 158.00.
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