USD/JPY analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY remains bullish on the 10-minute chart, moving inside a clear ascending channel with higher highs and higher lows. Price is currently around 154.50, pulling back after being rejected near the channel top at 154.83.





This pullback is testing the 40-period SMA, a key support level that has previously led to bounces. If price holds above this SMA and stabilizes near the channel's midpoint, a move back toward 154.83 is likely, with 155.00 as the next upside target. However, if price breaks below the 40-SMA and 154.45 support, short-term momentum could turn bearish, opening the way toward 154.25 (lower channel support) and possibly 154.00.

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