USDJPY: ⬆️ Buy
- USDJPY reversed from support area
- Likely to rise to resistance level 5.50
USDJPY currency pair recently reversed up from the support area between the support level 157.75 (former strong resistance from November and October) and the 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from this support area continues the active multi-impulse upward sequence 3 from September.
Given the ы, Uniswap cryptocurrency can be expected to rise to the next resistance level 5.50 (former support from the start of January).
Source: Fxpro