💱USDJPY - Market aims for 150 on weak yen
USDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar.
TA on the high timeframe:
1) A break of 144.897 sends the price to 148.86
2) A small rebound from this level is possible with further growth to 152.0 in the medium term.
TA on the low timeframe:
1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed
2) If the second level is broken, the market will get a target of 147.87.
3) But! A rebound to 146.56 with further growth is possible.
Key support📉: 146.56
Key resistance📈: 147.4
TA on the high timeframe:
1) A break of 144.897 sends the price to 148.86
2) A small rebound from this level is possible with further growth to 152.0 in the medium term.
TA on the low timeframe:
1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed
2) If the second level is broken, the market will get a target of 147.87.
3) But! A rebound to 146.56 with further growth is possible.
Key support📉: 146.56
Key resistance📈: 147.4
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