USD/JPY churning near 150.50
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Hello dear friends!
Our USDJPY transaction is still a hot topic of discussion as the buyers and sellers are battling around the 150.00 level.
However, it seems that the buyers have a slight advantage despite the expected decrease in trading volume today due to Japanese exchanges and banks being closed for Cultural Day. The round support level at 150.000 is expected to be retested along with the examination of the 89 ema activity zone.
The current resistance level that is blocking USDJPY is at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700 with strong support at the two previous support zones of 150.000 and 150.500.
Our USDJPY transaction is still a hot topic of discussion as the buyers and sellers are battling around the 150.00 level.
However, it seems that the buyers have a slight advantage despite the expected decrease in trading volume today due to Japanese exchanges and banks being closed for Cultural Day. The round support level at 150.000 is expected to be retested along with the examination of the 89 ema activity zone.
The current resistance level that is blocking USDJPY is at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700 with strong support at the two previous support zones of 150.000 and 150.500.
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