USDJPY Approaching a Critical Juncture

12月2日

The price is retracing to the 150.00 level, which is a significant resistance zone. Now we must expect a consolidation phase especially because NFB will be this week. A sustained move above this level, confirmed by increased volume, may signal the continuation of the bullish trend. Conversely, a rejection at this resistance could lead to a retracement towards the 146.00 major support.