USD/JPY - What would be the next direction for the pair

1 дек. 2023 г.

We can observe that the USD/JPY pair has been on a bullish trend since January, reaching a retest of a 33-year high at 152.073 this month. There has been a moderate pullback to the supply zone, trendline and the EMA200. The current scenario presents possibilities for both a downside break and an upside push, with the potential to surpass the 152.073 level. The market is currently establishing higher highs, maintaining its overall bullish trajectory.