USDJPY Analysis – September 25, 2023 – Forex Market Analysis – beragampengetahuan – Beragampengetahuan

USD/JPY has extended its upward movement from 144.43 to as high as 148.65.

As long as the price remains above the rising trend line on the 4-hour chart, there is a potential for the upside move to continue. The next target to consider is around the 149.00 area.

On the downside, if there is a breakdown below the trend line support, it could lead to a test of the 145.89 level. A clear break below this level would indicate a potential completion of the entire uptrend from 137.23, with the next target at the 144.43 support level.

Traders should closely monitor the price action, specifically the trend line support and the mentioned support and resistance levels. These levels can offer useful insights to assess potential breakouts, reversals, or continuations in the market.