USDJPY: Multi-Time-Frame Outlook

Hello Traders,

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A weekly close above 159.00 strengthens the bullish outlook for the next 3 to 4 months.

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Conversely, a break and close below 154.50 on the daily timeframe suggests a possible decline towards 148.00.

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Currently, we anticipate a rebound from the 156.77-156.40 zone.

However, a solid close below 156.40 and a break of the ascending channel would increase the likelihood of a drop to 155.50.
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