Hi Traders!
USDJPY is struggling to break the psychological 150 level, and there might be a possibility of the US dollar slowing down due to strong data coming out of Europe.
Price Action 📊
The market has reached the psychological level of 150 and has been trying to break the level for the past three weeks without any success.
The market may have run out of buyers and may need new waves of buyers to enter the market, which may provide short-term selling opportunities.
Fundamental Analysis 📰
The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.
Strong data has started to come out of Europe with better-than-expected Flash PMIs across the EU and the UK.
Support 📉
145.073: PREVIOUS RANGE ZONE RESISTANCE
Resistance 📈
150.000: PSYCHOLOGICAL LEVEL
151.946: APEX LEVEL
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY is struggling to break the psychological 150 level, and there might be a possibility of the US dollar slowing down due to strong data coming out of Europe.
Price Action 📊
The market has reached the psychological level of 150 and has been trying to break the level for the past three weeks without any success.
The market may have run out of buyers and may need new waves of buyers to enter the market, which may provide short-term selling opportunities.
Fundamental Analysis 📰
The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.
Strong data has started to come out of Europe with better-than-expected Flash PMIs across the EU and the UK.
Support 📉
145.073: PREVIOUS RANGE ZONE RESISTANCE
Resistance 📈
150.000: PSYCHOLOGICAL LEVEL
151.946: APEX LEVEL
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
