USD/JPY: Ready to Take on 150?
On the four-hour chart of USD/JPY, we are witnessing a fairly steady rally. Since the beginning of October, the pair has seen a strong rally, breaking above both the 34-EMA and 89-EMA, indicating a positive uptrend. It is worth noting that this rally has resulted in the pair approaching a key resistance area around 150.00, a psychological level that could see some resistance.
With the stability of the rally and pressure from strong resistance above, I will continue to watch closely to see if this rally can be sustained or if we could see a price correction before resuming the uptrend.
With the stability of the rally and pressure from strong resistance above, I will continue to watch closely to see if this rally can be sustained or if we could see a price correction before resuming the uptrend.
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