The USD/JPY pair experienced mixed movements, ultimately invalidating the previous downward USD/JPY Technical Analysis
The USD/JPY pair started today’s session with an upward trend, supported by the 151.20 level acting as a key support.
Technical Outlook:
- Bullish Signals:
- Stability above the simple moving average supports a further rise.
- RSI is attempting to hold positive momentum above the 50 midline.
- A move toward 152.60 is possible before any potential bearish reversal.
- Bearish Scenario:
- A drop below 151.45 could signal the start of a downward move, targeting 150.75 and 150.25.
Market Risks & Considerations:
- US President Donald Trump’s speech may lead to high volatility in currency markets.
- Trade tensions remain a major risk factor, increasing unpredictability.
⚠ Risk Warning: The market risk level remains high, and all scenarios are possible.
Disclaimer: Trading in CFDs carries inherent risks. The analysis provided herein is not a recommendation to buy or sell, but rather an interpretation of the current price movement on the chart.
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