Categories: Technical analysis

USDJPY Wave Analysis – 16 June 2025

USDJPY: ⬆️ Buy

– USDJPY reversed from the support zone

– Likely to rise to the resistance level 146.00

USDJPY currency pair recently reversed from the support zone surrounding the pivotal support level 142.50, which has been reversing the price from the start of August.

The upward reversal from the support level 142.50 created the daily Japanese candlesticks reversal pattern Piercing Line.

USDJPY currency pair can be expected to rise to the next resistance level 146.00 (top of the previous correction 2 from last month).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: USDJPY

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