Today’s USDJPY Technical Analysis | USDJPY Outlook

Welcome again dear traders, Now we come with USDJPY Technical Analysis. Let’s dive into the analysis.

Today's USDJPY Technical Analysis | USDJPY Outlook

Today’s USDJPY Technical Analysis:

💸 The USDJPY pair is highly volatile after reaching an all-time high. The price broke the trend line but is being tested again, creating two possible scenarios.

Two Possible Scenarios:

🔼 Scenario 1: BUY

  • BUY if: Price rises above 156.500 and breaks the trend line
  • Target Profit (TP): 157.500
  • Stop Loss (SL): Below 156.500

🔽 Scenario 2: SELL

  • SELL if: Price bounces off the trend line
  • Target Profit (TP): 155.500
  • Stop Loss (SL): Above 156.500

❓ Do you trade USDJPY today? Write in the comments! 👇

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