The yen weakened again, with USD/JPY climbing to 147.60 after hitting an intraday low of 146.70 during the Asian session.
A Suspicious Ending Diagonal pattern forming on the H1 timeframe suggests the potential for further upside, with price targets at 148.70 and 150.20 — both aligning with the Fibonacci extension levels of the pattern.
Recommendation:
- Buy USD/JPY
- Entry: 147.60
- Stop Loss: 146.90
- Take Profit 1: 148.70
- Take Profit 2: 150.20
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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