USD/JPY Poised for Breakout with Cup and Handle Pattern
تم تحديثه
The formation of the "Cup and Handle" pattern indicates a continued bullish trend. Currently, the pair is trading around $149.224 after reaching a peak at $149.047, with key support near $147.331.
The next significant resistance level is projected around $149.047. If USD/JPY can break through this level, the upward trend will gain momentum, pushing the price toward new highs in line with the current trend.
The 34 and 89 EMA lines still indicate a dominant short-term uptrend, but investors should closely monitor key economic news from the U.S. that could significantly impact USD/JPY’s direction in the coming days.
Overall, the bullish trend remains intact, but a breakout above resistance is needed to confirm the next upward move.
The next significant resistance level is projected around $149.047. If USD/JPY can break through this level, the upward trend will gain momentum, pushing the price toward new highs in line with the current trend.
The 34 and 89 EMA lines still indicate a dominant short-term uptrend, but investors should closely monitor key economic news from the U.S. that could significantly impact USD/JPY’s direction in the coming days.
Overall, the bullish trend remains intact, but a breakout above resistance is needed to confirm the next upward move.
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