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USDJPY 4H :finds it difficult to penetrate 148.80

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

OUTLOOK

The USD/JPY pair continues to fluctuate around the 147.80 level and finds it difficult to penetrate it, waiting for the price to be stimulated to breach the aforementioned level and then rush towards our next positive station at 148.80 and if can stable above it then will reach 149.78 .

The ascending channel continues to support the proposed ascending wave, which will remain in effect provided that the price maintains its stability above the 146.43 level , so if caan price stable under that level the bullish will be postponed for a while and the price will try to drop to 144.68 to visit the bottom of ascending main channel .

Additionally , today news will affect the market .

support line : 146.43 , 144.68
resistance line : 147.80 , 148.80

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