💱 USDJPY - Pending a breakout of resistance

١٧ أكتوبر ٢٠٢٣

USDJPY continues to trade within the upward price channel. Following the dollar index, the currency pair continues to strengthen



TA on high timeframe:
1) A resistance retest is being formed. If the global zone is broken through, the price will continue its growth
2) The ascending price channel is formed following the DXY.

TA on the low timeframe:
1) Important level 149.65. Consolidation is formed on the background of the level retest
2) No deep pullback. A retest is being formed for a breakout of the level
3) Consolidation above 149.65 will give a buy entry point.

Key resistance📈: 149.65, 150.16
Key support📉: 149.300