USD/JPY: Strong Uptrend, Potential to Reach 155.171
The USD/JPY chart on October 5 shows a strong uptrend as the price surpasses the resistance level at 148.924 (Fibonacci 50%). Currently, the price is hovering around 148.702, with the potential to rise to 149.583 (Fibonacci 61.8%) and further to 155.171 (Fibonacci 1.618).
The EMA 34 and EMA 89 lines are providing solid support, reinforcing the upward trend. However, if the price fails to stay above the resistance, a pullback to 148.924 or even lower to 146.130 is possible.
Overall, USD/JPY shows high potential, but investors should closely monitor the market and economic news.
The EMA 34 and EMA 89 lines are providing solid support, reinforcing the upward trend. However, if the price fails to stay above the resistance, a pullback to 148.924 or even lower to 146.130 is possible.
Overall, USD/JPY shows high potential, but investors should closely monitor the market and economic news.
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