USDJPY : The pressure is still much!
"USDJPY trades quietly, hovering at record highs with a lack of upward momentum. The trend favors sideways movement, though EMA 34 and 89 signals suggest a potential for ascent. Technically, any upward trajectory may face resistance near the 152.00 mark, serving as a pivotal point for bulls if decisively breached, hinting at a continued rally from January 2023 towards 153.00.
Conversely, the low overnight fluctuation around 151.00 now acts as an immediate downside safeguard. Further declines may attract buyers, capped near the 150.25 support level. A decisive break below the psychological 150.00 barrier could accelerate the correction towards 149.35-149.30, potentially reaching down to 149.00."
Conversely, the low overnight fluctuation around 151.00 now acts as an immediate downside safeguard. Further declines may attract buyers, capped near the 150.25 support level. A decisive break below the psychological 150.00 barrier could accelerate the correction towards 149.35-149.30, potentially reaching down to 149.00."
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