USD/JPY closed last Friday at 144.39. From a technical standpoint, the pair still has room to move higher as part of a technical correction following its previous decline to the 142.73 level.
The current price structure suggests ongoing buying interest, with potential movement toward short-term resistance levels. As long as the price stays above the support zone, the bullish correction scenario remains intact.
Recommendation:
- Buy Area: 144.70 – 144.80
- Stop Loss: 144.15
- Take Profit 1: 145.20
- Take Profit 2: 145.60
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