USDJPY: Key Resistance Ahead 🇺🇸🇯🇵

٢٧ أبريل ٢٠٢٤

https://www.tradingview.com/x/rUcRNiCv/

This bullish rally on USDJPY is absolutely crazy.
This week, we saw an exceptional growth.

Analyzing the historical price action, I see
2 significant resistances ahead:

160.0 - 160.5 is the resistance based on a price action of 1990th.
164.1 - 164.5 is the resistance based on a price action of 1986th.

I believe that we may see a bearish reaction from one of those structures
and the price will stop growing there.

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