USDJPY hits resistance at key degree; 50% midpoint at swing space

The USDJPY stretched to a swing excessive of 154.79. Earlier in the present day in a put up, I wrote:

The subsequent key goal lies within the 154.77–154.967 zone, the place the 50% midpoint of the 2025 buying and selling vary sits at 154.897. This degree, located inside the swing space (see pink numbered circles), may act as a resistance zone the place some profit-taking or a short lived pause could happen.

The worth reached the low of the world and stalled. The present worth is at 154.42.

With the swing space stalling the rally, that will increase the areas significance in the present day and going ahead. On the draw back, the sellers close to the highs in the present day would like to see the 38.2% re-broken at 153.959. Get under that and it will sign disappointment on the transfer larger and we should always see the sellers taking again extra management.

This text was written by Emma Wang at www.ubaidahsan.com.



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