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Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs,Thursday January 30, 2025.
02:36 2025-01-30 UTC--5
Exchange Rates analysis

If we look at the 4-hour chart of the main currency pair USD/JPY, there are several interesting things, first the appearance of the Failing Wedge pattern, second the divergence between the price movement of USD/JPY and the Awesome Oscillator indicator so that based on these two things in the near future USD/JPY has the potential to appreciate up to the level of 155.72 and if the momentum of strengthening and volatility support then 157.23 will be the next target to be tested, but if on the way to these targets there is suddenly a significant weakening correction, especially if it breaks through and closes below the level of 153.80, then the strengthening scenario that has been described previously will be invalid.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.