USD/JPY Approaches Key Level: Continue Rising or Correct?

20 ชั่วโมงที่ผ่านมา

Based on the 1-hour chart of USD/JPY on November 6th, we observe a strong upward move pushing the price towards the resistance zone around 154.272. This area plays a crucial role, as it could trigger selling pressure if USD/JPY fails to break above this level.

Currently, the 34 and 89 EMA lines remain below the price, indicating a short-term upward trend. However, if the price is rejected at the resistance and begins to pull back, a correction scenario may occur, with the first support level around 151.363.

If USD/JPY breaks below this support level, the downward trend could intensify, leading to a deeper decline. For an optimal strategy, investors should monitor the price reaction at these key resistance and support levels to determine the next direction.