USD/JPY Looks to Test 152.45: Pullback Risks Loom
The USD/JPY currency pair is poised to test the significant level of 152.45 soon, as analysts gauge the potential for a pullback. Following recent trading patterns, the US Dollar (USD) must firmly break and hold above 152.45 to maintain its upward trajectory. Analysts from UOB Group, Quek Ser Leang and Lee Sue Ann, observe that a failure to hold this level may lead to a pullback. Traders should remain cautious and attentive to market signals as they navigate this pivotal moment for the USD/JPY pair. This scenario highlights the importance of technical analysis in forex trading for willing participants.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]