Technical analysis of USD/JPY 10/31/2024
The USD/JPY currency pair on (1D) completed an upward correction.
The pair reached the key resistance of 153.40 (61.8% Fibo) and is currently trading in the 152.20 area.
If the pair manages to break through and consolidate above the 153.40 area (61.8% Fibo), this will mean the transition of the upward correction into an uptrend with a target in the 162.00 area (annual high).
The nearest support level is at 150.70 (MA100).
Created by Joshua Hayn
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