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USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels.
In summary, if USD/JPY breaks below 149.550, there is a high probability that the price could extend its decline towards 147.4200, indicating a bearish outlook in the short-term or medium-term. It's important to monitor key technical levels and any significant changes in market sentiment or fundamentals that might influence this price action.
Wed, 11 Dec 2024 09:21:26 GMT
Source: Dukascopy Bank SA
USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels.
In summary, if USD/JPY breaks below 149.550, there is a high probability that the price could extend its decline towards 147.4200, indicating a bearish outlook in the short-term or medium-term. It's important to monitor key technical levels and any significant changes in market sentiment or fundamentals that might influence this price action.