Technical Outlook of USDJPY 
Monday to Wednesday the USDJPY movement tends to rise. However, the range is not that big. The range per day is only around 90 pips. In previous weeks we knew that the USDJPY movement was predominantly downward. However, since the candle reached the price of 151.75, a change in direction has begun to occur. Even though at that time the closest support was at 153.75. But, that doesn't make usdjpy continue to fall. Now the usdjpy position itself is being traded at a price of 155.32. There are only a few more candles left to touch the supply area. If analyzed from the h1 timeframe, since the support at the price of 152.03 has not been penetrated, the USDJPY movement continues to rise. The question is whether after this it will continue to rise or even fall? In my opinion, USDJPY will still rise because the correction has not yet been fully met. My estimate is that in the future USDJPY will correct to the price of 159.26. To get there still requires a journey of hundreds of pips. To get there, one way the candle must be able to penetrate the supply area at the price of 156.15. For example, if it cannot be penetrated, there may be a pullback around there and this could cause the movement to go back down. If analyzed using the Ichimoku indicator, the candle position is above the tenkan sen and kijun sen lines. Since the candle consistently moves above that line, the trend tends to be bullish. This indicator shows that the opportunity to rise still exists as long as there are no new crossovers. Apart from that, the candle is also still moving above the kumo cloud, which means that bullish pressure is still very strong. Meanwhile, from the analysis of the stochastic indicator, it can be seen that the line is pointing downwards and seems to be going towards its lowest level at level 20. I feel that when it reaches the lowest level, the rise in USDJPY will only begin. It looks like this won't happen for the time being because the stochastic indicator still doesn't have an upward crossover. However, I also remain alert because there could be a decline in USDJPU after this. So the conclusion of today's analysis is that the opportunity for USDJPY to rise is still very large. Moreover, from the Ichimoku indicator, the candle position is still above the tenkan sen and kijun sen lines. As long as the supply area at the price of 159.24 has not been touched, I still predict USDJPY will rise even though there is a decline. Therefore, I recommend to friends that you should just focus on opening buy positions first. The target can be placed at the nearest resistance at the price of 157.96 and the stop loss can be placed at the support at the price of 152.03.
