USDJPY → False break of support, Yen weakens. 160.0 again?

6月5日

USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.


Buyers liquidation on the back of strong bullish trend. (A big player collects the position)

In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.

Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77

The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.

Regards R. Linda!

6月5日

ノート

Consolidation above the key support is forming.
Closing of the session will determine the short- and medium-term potential for traders

6月7日

トレード終了: 利益確定目標に到達

Target 1 reached

6月10日

ノート

A break of 157.235 will continue the momentum

6月10日

ノート

Pre-breakout consolidation is forming
Possible breakout of 157.23

6月11日

トレード稼働中

Resistance retest with a breakout target

6月11日

ノート

A breakthrough is forming

6月16日

トレード稼働中

Consolidation is forming above 157.23.
If the bulls hold this area, further 158-160

6月17日

トレード稼働中

Breakout of key resistance.
the first target will be reached soon

6月19日

トレード稼働中

The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growth

6月20日

トレード終了: 利益確定目標に到達

Target 2 reached

6月21日

トレード稼働中

After breaking through resistance, the currency pair is actively going upwards on the background of a weak yen

6月24日

トレード稼働中

There's not much left to the goal...
We continue to hold

6月26日

トレード終了: 利益確定目標に到達

160.21 reached!