USDJPY: Continue to conquer new high levels ?
Hello everyone, I'm curious about your thoughts on the current trend of USDJPY?
Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session.
It recently touched a multi-decade high around 154.85 on Monday, closely followed by the psychological milestone of 155.00, which could act as an immediate barrier. The enduring strength beyond this level is seen as a new catalyst for bullish traders and sets the stage for an expansion of the well-established upward trend from the monthly lows observed in March.
Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session.
It recently touched a multi-decade high around 154.85 on Monday, closely followed by the psychological milestone of 155.00, which could act as an immediate barrier. The enduring strength beyond this level is seen as a new catalyst for bullish traders and sets the stage for an expansion of the well-established upward trend from the monthly lows observed in March.
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