Dear friends, as predicted yesterday, the price has surged significantly. As of now, USDJPY is trading at 151.29. The Bank of Japan (BoJ) has removed the 1% cap on the government bond yield for the 10-year term, which has provided support for this currency pair.
Looking at the technical picture of USDJPY on the daily timeframe, we can see that it has been rejected at the upper limit of the uptrend channel. Therefore, it is likely that USDJPY will retreat and find support at 150.36 or lower within the ascending channel at 149.50. It is expected that this price increase may soon reach the target of 152.50. What are your thoughts? Do you agree with me?
Looking at the technical picture of USDJPY on the daily timeframe, we can see that it has been rejected at the upper limit of the uptrend channel. Therefore, it is likely that USDJPY will retreat and find support at 150.36 or lower within the ascending channel at 149.50. It is expected that this price increase may soon reach the target of 152.50. What are your thoughts? Do you agree with me?
