USDJPY - Correction

3 ก.ค.

We are currently experiencing a market correction that is pulling the price toward its support level. This support is anticipated to serve as a springboard, pushing the price upward once more. As the price ascends, it is expected to surpass the resistance level at 162.00. Breaking through this significant bullish threshold is likely to further motivate the price, driving it even higher and potentially reaching the next target of 163.00. This continued upward movement would signal a strong bullish trend, suggesting sustained momentum and increased investor confidence in the market's direction.

If the 4-hour candle closes below 161.13, it will likely support the price in starting a bearish trend and moving between 161.13 and 160.34 until breaking out on either side.