• Nov 11, 2024
  • Trade ideas

USDJPY: Resistance Level

USDJPY, H2

USDJPYH2.png

In the H2 timeframe, USDJPY faces a crucial resistance level at 153.80 level.

The MACD histogram crosses the zero line upwards, giving a potential bullish sentiment for the asset.

  • If the price breaks above the 153.80, it will rise to 155.50 level.
  • However, if USDJPY bounces from the resistance zone, the asset may fall to 152.90 and the golden Fibonacci ratio.
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Author: Timur Yurdagyul