Best Buying Areas for the USD/JPY
The USD/JPY pair rose sharply following Trump's recent statements,
forming strong buying demand areas and
breaking through the consolidation movement
which had previously been consolidation.
The pair is currently undergoing a correction,
and this corrective movement may continue
until it reaches the demand areas below and fills the gap formed
near the specified demand areas at the 147.83 level.
If the pair actually drops to the specified demand areas,
it is expected to rise from them to targets at the 149.30 and 151.00 levels.
However, if the pair breaks and closes below the specified demand areas,
the analysis and expected rise for the pair will fail.
