USD/JPY Technical Analysis & Forecast

jy-l3USDJPY, “US Dollar vs Japanese Yen”

The USDJPY pair is forming a consolidation range around 156.51. The market has extended the range towards 157.18. Today, a decline towards 156.51 is expected (testing from above). A rise to 157.51 is not ruled out, potentially continuing towards 158.16.

Subsequently, a new decline wave could start, aiming for 155.87 as the first target.

USDJPY

Origin: RoboForex

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