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With the movement of the USD/JPY currency pair price moving above the MA 50 which has a slope that slopes upwards and its price movement moving harmoniously within the Bullish channel that slopes upwards and is confirmed by the appearance of deviations in the RSI indicator (5) on the 4-hour chart, it is confirmed that the USD is strengthening against the Yen currency so that even though in the near future there could be a potential for a weakening correction shortly after successfully breaking through the resistance level of the round number 154.50 as long as it does not break through and close below the level of 153.17 USD/JPY will continue to strengthen to the level of 155.95 and if the momentum and volatility support 157.60 it will be the next target to be aimed for.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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