USDJPY Wave Analysis

  • USDJPY reversed from support level 151.95
  • Likely to rise to resistance level 155.00

USDJPY currency pair recently reversed up from the powerful support level 151.95 (former major resistance from 2022 and also the yearly high from last year), standing close to the 50% Fibonacci correction of the upward impulse from 2023.

The upward reversal from the support level 151.95 stopped the previous minor correction 4.

Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 155.00.

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading