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September 01, 2023 @ 21:46 +03:00
– USDJPY reversed from support level 144.85
– Likely to test resistance level 147.40
USDJPY currency pair recently reversed up from the support level 144.85 (former resistance from the end of June), intersecting with the 50% Fibonacci correction of the upward impulse from the start of August.
The upward reversal from the support level 144.85 continues the active impulse waves 3 and (3).
Given the strong daily uptrend, USDJPY can be expected to rise further toward the next resistance level 147.40 (previous monthly high from August).