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USD/JPY Outlook
Abstract：Entdecken Sie die neuesten und wichtigsten Updates aus der Welt des Devisenhandels. Verbessern Sie Ihre Trades mit den neuesten Erkenntnissen. Frische Nachrichten und Marktanalysen.
USD/JPY has moved higher toward 162.500, with occasional bouts of volatility.
USD/JPY 4-Hour chart analysis
The price is coiling super tight right at the apex of this symmetrical triangle, currently sitting at 162.414. It's basically knocking on the door of the upper descending resistance. If we get a solid 4-hour candle close above this trendline, it triggers a bullish breakout with eyes on the 163.0000 target. But if resistance holds and we drop back below the 20 SMA, expect a rotation back down into the wedge to test the lower trendline and the key horizontal support levels at 161.6500 and 161.3500.
4-Hour Chart
USD/JPY Daily chart analysis
The USD/JPY daily chart shows the price attempting a bullish breakout above a multi-week consolidation wedge, currently trading around 162.407 and sitting just above its 20-day Simple Moving Average.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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