UsdJpy is pressing and pressing and pressing. 155 next?

2024年4月9日

Since March 20th, when USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range.
However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought.
Even during Friday's NFP release, when USD was being sold, USDJPY experienced a quick reversal.

These signs indicate a potential upward breakout, with 155 being the next target in such a scenario.
I maintain a bullish outlook on this pair as long as the price remains above 150, and in my opinion, buying dips is the preferred strategy.

2024年4月10日

註釋

Usdjpy broke resistance and made a new multi decades high

2024年4月15日

註釋

UsdJpy is eyeing my 155 target.
After the important break from last week, now the pair broke also above the short term consolidation
155, here we come:)

2024年4月16日

註釋

UsdJpy approaching 155 target