Technical analysis of USD/JPY 12/20/2024

The USD/JPY currency pair on (1D) completed a downward correction and resumed an uptrend.

The pair broke through the resistance level of 156.70, which has now become a support and is currently trading in the area of ​​157.20.

The technical picture suggests the development of an upward trend with the nearest target in the area of ​​the level of 161.70 (annual high).

USDJPY_STPDaily

Created by Joshua Hayn

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