RLinda ! USDJPY-> The dollar makes the yen go down

2023年2月24日

USDJPY pair is strengthening amid positive momentum from the dollar index. The Japanese Yen is losing strength and looking to make new local highs

The price forms a resistance zone at 135.100 and there is a lot of energy near the resistance zone, which is a pre-breakdown consolidation.
The retest of the 200 SMA pushed the price back to 135.000 area, which shows the potential and the mood of the market.

I expect the resistance zone to be attacked and broken in the near future. Exit of the price to a new flat will determine the potential for growth to 136.700, and in the medium term to 137.85

Regards to R. Linda!

2023年2月24日

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