USDJPY 5.6.2024

Technical Analysis
Wednesday, June 05, 2024 - 13:08
Point Trader Group

General trend: up. 
Expected scenario:
The pair is trading above the lower border of the ascending price channel shown on the above chart, which enhances the chances of rising to 158.
Alternative scenario:
The scenario turns bearish by breaking the previously mentioned level, targeting 152 yen.
The most important levels
resistance:
158.00 – 159.00
support:
153.50 – 153.00

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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