Technical analysis

USDJPY Wave Analysis 20 September 2023

– USDJPY broke the resistance level 147,40

– Likely to riseW to resistance level 147.70

USDJPY currency pair recently broke the resistance level 147,40 (which has been reversing the price from the start of September).

The breakout of the resistance level 147,40 accelerated the active impulse wave 5 of the intermediate impulse wave (3) from the middle of July.

Given the clear daily uptrend, USDJPY currency pair can be expected to rise further toward the next resistance level 147.70.

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