USDJPY skyrockets above 157.00

USDJPY bounces back! Retracement holds above 157.10 (38.2% Fibo) with RSI & MACD signaling upside bias. Next targets: 158.40 & 159.00. Watch 156.80 risk level!
XM Group | 46 hari yang lalu

Overview: USDJPY has been experiencing a notable increase over the past few days following a rebound off its seven-month low of 152.88 last week.

Momentum: Technical oscillators reflect an upside bias, with the RSI poised to cross above 50 and the MACD showing weakening negative momentum.

Bullish Scenario: As long as the price holds above the 38.2% Fibonacci retracement level at 157.10 (from the 164.00–152.88 downward leg), buyers could aim for the 50.0% Fibonacci level at 158.40, which overlaps with the 200-day SMA, followed by the 50-day SMA at 159.00.

Risk: A slide beneath the 20-day SMA at 156.80 could shift the immediate outlook back to bearish.

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Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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