USDJPY - To the extent of sensitive resistance!
Today, USDJPY saw a modest uptick, inching closer to a resistance level, with the current price standing at 150.741. This marks the fourth attempt by USDJPY to breach this particular resistance, technically primed to reach a multi-month high. Amid a strong US dollar, the Japanese Yen is losing ground as the Bank of Japan appears to falter or is unlikely to fulfill its mandate.
Breaking through this resistance could unlock further upward potential for the USDJPY pair, heralding a plethora of opportunities for growth.
Breaking through this resistance could unlock further upward potential for the USDJPY pair, heralding a plethora of opportunities for growth.
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