USD/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY currency pair has rebounded strongly after finding solid support around the 140.000 level, indicating a potential shift in market sentiment. This recovery suggests that buyers have stepped in at this key technical level, helping to halt the previous downtrend and initiate a new upward move.



The pair is now gradually advancing toward the 149.000 resistance zone, which may act as a significant barrier to further gains. A successful break above this level could signal a continuation of the bullish trend and potentially open the door to further upside targets.

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