Exploring the Future of Cryptocurrency: In-Depth Technical Analysis of USDJPY Coin (USDJPY) – May 6, 2024

USDJPY Technical Analysis Report 6 May, 2024

• The USDJPY currency pair is expected to rise further, with the next resistance level projected at 156.00.
• This follows a recent reversal from a powerful support zone, sparking a daily uptrend.
• Widespread bearish sentiment affecting the yen across the FX markets is also contributing to this projected rise.

Market Analyst Dmitry Chernovolov predicts a rise in the USDJPY currency pair, following a reversal from a major support zone. The next resistance level is projected at 156.00, with bearish sentiment across the FX markets contributing to this uptrend.

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