USD/JPY: Upside momentum gathers extra pace
Diupdate
Hello dear friends! Selena here.
In the 4-hour view, it was expected that USD would trade within the range of 147.50/148.10 yesterday. Selenadid not anticipate the increased volatility as USD fluctuated between 147.46 and 148.36 before closing at 148.33 (+0.32%). The upward momentum has increased, albeit not significantly. Today, USD may rise further, but it is unlikely to threaten the key resistance level at 149.00. To sustain the upward trend, USD needs to stay above 147.90 (with minor support at 148.10).
In the 4-hour view, it was expected that USD would trade within the range of 147.50/148.10 yesterday. Selenadid not anticipate the increased volatility as USD fluctuated between 147.46 and 148.36 before closing at 148.33 (+0.32%). The upward momentum has increased, albeit not significantly. Today, USD may rise further, but it is unlikely to threaten the key resistance level at 149.00. To sustain the upward trend, USD needs to stay above 147.90 (with minor support at 148.10).
Catatan
good luck everyone :DCatatan
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