Forex analytics and overview
USD/JPY: Ascending Channel Holds, But a Breakdown Could Unleash Broader Impact
2024.11.08 09:48
The remains within the ascending channel with key support being at 151.60. The next upside target is the 78.6% Fib at 157.17.
But today, we want to focus more on the potential of a breakdown since that will have major technical repercussions.
It will both open the D/S for the pair and lead to a breakdown in the . 149.25 will be the 1st D/S target for the pair.
