USDJPY Exchange Rate Hits Strong Support Level, Resumes Uptrend Possibility
Monday, 8 July 2024, 14:46
USDJPY Exchange Rate Analysis
The USDJPY exchange rate showed a positive momentum, supported by the 23.6% Fibonacci retracement level and the 160.35 barrier. However, the pair needs to surpass a crucial resistance zone to confirm the uptrend.
- Key Points: The exchange rate found support near Fibonacci and price levels.
- Importance of Resistance Zone: The pair must breach the resistance area for the uptrend to resume.
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