USD/JPY approaches the $150.20 resistance zone

jpy_3_newsUSD/JPY Technical Analysis – Rebound

The 4-hour chart for USD/JPY shows that the price is trading within a descending channel and has recently rebounded from strong support at $146.70.

Consequently, this rebound pushes the pair toward $150.20, where a breakout could trigger a move to the $152 level.


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