Chat with us, powered by LiveChatUSD/JPY Gains Momentum in Reversal Mode, Targets 148.30 with Dollar Weakness

USD/JPY Gains Momentum in Reversal Mode, Targets 148.30 with Dollar Weakness

USD/JPY Gains Momentum in Reversal Mode, Targets 148.30 with Dollar Weakness

USD/JPY Gains Momentum in Reversal Mode, Targets 148.30 with Dollar Weakness


The USD/JPY pair is capitalizing on the overall weakness of the dollar and is supported by improving fundamentals, marking a shift into a reversal mode with a targeted upward movement set at 148.30. This positive trajectory is fueled by a combination of factors, including a more favorable economic backdrop, indicating a potentially sustained upward trend for the currency pair.

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

153.50

152.00

150.00

148.00

146.50

144.80

 

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