USDJPY: ⬆️ Buy
– USDJPY reversed from support area
– Likely to rise to resistance level 155.15
USDJPY currency pair reversed up from the support area between the key support level 152.20 (which has been reversing the price from October), 50% Fibonacci correction of the upward impulse from September and the support trendline of the weekly up channel from last April.
The upward reversal from this support area stopped the previous minor correction ii – which belongs to wave iii from September.
Given the clear daily uptrend, USDJPY currency pair can be expected to rise to the next resistance level 155.15.