USDJPY: Strong recovery from 143.00
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Ben, hello everyone! Let's dive into today's USDJPY analysis with Ben!
USDJPY is in an uptrend today, currently trading at 143.95, up 0.29% on the day.
With USDJPY continuing to trade steadily at this positive level, the resistance level of 144.50 will be set as a short-term target, before potentially reacting and testing the price level of 143.00, forming a trend line and using it as strong support for further increases in the medium and long term. The current expected price levels are at the round level of 145.00 and 146.00 respectively and even the upper trend channel limit at 147.00.
Wishing you all profitable trading!
USDJPY is in an uptrend today, currently trading at 143.95, up 0.29% on the day.
With USDJPY continuing to trade steadily at this positive level, the resistance level of 144.50 will be set as a short-term target, before potentially reacting and testing the price level of 143.00, forming a trend line and using it as strong support for further increases in the medium and long term. The current expected price levels are at the round level of 145.00 and 146.00 respectively and even the upper trend channel limit at 147.00.
Wishing you all profitable trading!
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