Best Buying Zones for USD/JPY
The USD/JPY pair is still in an overall upward trend.
The pair continued its upward movement following
the Japanese yen interest rate announcement.
As expected, the rate stabilized at 0.50%.
This pushed the pair to continue its upward trajectory
and maintain the upward trend.
Currently, strong new buying zones have formed on the daily and 4-hour timeframes.
These zones are located at the 152.83 level, as shown on the chart.
If these zones are tested, a move upwards are expected.
The targets are 153.50 and 154.40.
This analysis will be invalidated if the demand zones are broken.
The upward trend line is broken, and the price closes below them.
