USDJPY Wave Analysis 13 December 2024

– USDJPY reversed from support zone

– Likely to rise to resistance level 156.35

USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September.

The upward reversal from the support zone started the active intermediate impulse wave (1).

Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).