USDJPY: ⬆️ Buy
- USDJPY reversed from support zone
- Likely to rise to resistance level 158.00
USDJPY currency pair recently reversed up from the support zone between the key support level 154.5 (which reversed the price in October) and the upper trendline of the recently broken up channel from July.
The upward reversal from this support zone stopped the previous minor ABC correction ii of the impulse wave 3 from September.
Given the clear daily uptrend and the bearish US dollar sentiment seen across the FX markets, USDJPY currency pair can be expected to rise to the next resistance level 158.00 (top of the previous impulse wave iii).
 and the upper trendline of the recently broken up channel from July.){kind=link}