– USDJPY broke key resistance level 154.70
– Likely to rise to resistance level 157.20
USDJPY currency pair recently broke the key resistance level 154.70 (former stern support from June, which has been reversing the price from the end of July).
The breakout of the resistance level 154.70 should accelerate the active medium-term impulse wave (5) from the start of November.
Given the clear daily uptrend and the bullish US dollar sentiment, USDJPY currency pair can be expected to rise to the next resistance level 157.20.
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