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USDJPY 10 Jun 2024

USDJPY 10 Jun 2024 On the daily timeframe, USDJPY is still seen moving sideways between the R1 and R2 levels since last March. The pair has been rising and falling as a result of high market volatility. At the moment, USDJPY is at a price position of 157.140 after successfully breaking out of the kumo cloud. Looking at the stochastic indicator, the chart shows a rise towards the 80 level, suggesting that the bullish momentum might continue in the short term. However, traders need to be mindful of possible price corrections or trend changes that could occur in response to volatile market movements.

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