Currency pair USD/JPY, technical analysis. The main focus will be on resistance and support levels, volumes, and basement indicators.
We've made an upward correction, almost reaching the stated targets, then slightly updated the lows and returned to the previous level. Let's see what the indicators will show us. The pair has risen nicely, almost hit the target and reversed. On the chart, it is visible that the pair tested the level of 152.30 and is currently trading at a price of 152.75. The RSI is moving in the middle of the range and hesitantly looking upwards, the AO is showing a weak selling signal, and the pair's price is slightly below the previous day's trading range. The signals are not very strong, but there is a possibility of a slight increase. I assume that the price will test the resistance level of 154.00. Based on the analysis, cautious buying is recommended up to 153.90. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
