Forex analytics and overview

USD/JPY: Ascending Channel Holds, But a Breakdown Could Unleash Broader Impact

2 weeks ago

Less than a minute

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. USD/JPY Daily Chart

2 weeks ago

Less than a minute

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