USDJPY → False break of support, Yen weakens. 160.0 again?

5. Juni

USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.


Buyers liquidation on the back of strong bullish trend. (A big player collects the position)

In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.

Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77

The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.

Regards R. Linda!

5. Juni

Anmerkung

Consolidation above the key support is forming.
Closing of the session will determine the short- and medium-term potential for traders

7. Juni

Trade geschlossen: Ziel wurde erreicht

Target 1 reached

10. Juni

Anmerkung

A break of 157.235 will continue the momentum

10. Juni

Anmerkung

Pre-breakout consolidation is forming
Possible breakout of 157.23

11. Juni

Trade ist aktiv

Resistance retest with a breakout target

11. Juni

Anmerkung

A breakthrough is forming

16. Juni

Trade ist aktiv

Consolidation is forming above 157.23.
If the bulls hold this area, further 158-160

17. Juni

Trade ist aktiv

Breakout of key resistance.
the first target will be reached soon

19. Juni

Trade ist aktiv

The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growth

20. Juni

Trade geschlossen: Ziel wurde erreicht

Target 2 reached

21. Juni

Trade ist aktiv

After breaking through resistance, the currency pair is actively going upwards on the background of a weak yen

24. Juni

Trade ist aktiv

There's not much left to the goal...
We continue to hold

26. Juni

Trade geschlossen: Ziel wurde erreicht

160.21 reached!