USD/JPY

Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.

USD/JPY

USD/JPY Faces Crucial Test Near Key Support as Technicals Hint at Possible Reversal — Daily Outlook June 10, 2024

USD/JPY remains range-bound near key support at 155.70 and resistance around 157.70, within an overall bullish medium-term trend. Watch for a break below 155.70 signaling deeper correction or a push above 157.70 for upside continuation. Momentum indicators and Fed-BoJ policy divergence add caution to near-term outlook. #Forex #USDJPY #TechnicalAnalysis

USD/JPY

USD/JPY Eyeing Major Resistance: Bulls Set to Break Key Levels on Strong Momentum

USD/JPY is approaching a key resistance at 146.55, supported by bullish technical signals like a bullish flag pattern, RSI near 60–70, and positive MACD momentum. A decisive breakout could target 147.40 and beyond. Watch support at 145.10 and 144.30 as benchmarks for trend health. Fundamental factors such as Fed vs. BOJ policy divergence and risk sentiment will also shape the pair’s path. Traders should prepare for potential volatility ahead. #Forex #USDJPY #TradingAnalysis

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