USD/JPY Technical analysis

Source: Dukascopy Bank SA
The USD/JPY currency pair is currently trading above the 152.000 price level, indicating a potential shift in market sentiment. If the pair experiences further downside momentum, it could approach the 151.100 level, which may indicate a continuation of a bearish trend. On the other hand, if a bullish reversal occurs, the pair could target the 153.800 price level, suggesting a shift towards stronger bullish pressure and potentially indicating a change in the broader market trend.



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