USDJPY – Currency Pair Continues to Rise

24.05.2024

H4: The currency pair has overcome the main support/resistance level (4/8) and continues its slow upward movement. Currently, the price is testing the level (5/8), and we do not see any reaction yet. Given this background, we consider the scenario with further increase in quotes towards the next even level—(6/8) as a priority.

Trading Decisions: Buy at 156.90, TP at 159.38.