USDJPY 25 Apr 2024 analysis for USDJPY on the weekly timeframe shows that the pair has continued to strengthen since experiencing a trend reversal at the beginning of last month. The strong bullish trend managed to take the pair to a price position of 155.524 and above the Kumo Cloud. However, it should be noted that the Stochastic indicator shows that the pair has stayed for quite some time inside the saturated zone above the 80 level. This indicates the potential for a correction or trend reversal in the near future, although the current bullish trend is still dominant. Traders may need to be alert to possible changes in price momentum and look for further confirmation before making trading decisions.
