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USDJPY, M15 (US Dollar vs Japanese Yen):

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Based on the technical analysis chart provided for USDJPY, M15 (US Dollar vs Japanese Yen):

Market Direction

  • Short-Term: Bullish. The price action displays an established upward trajectory characterized by higher highs and higher lows, supported by strong buying momentum. The current price is hovering near the upper boundary around 157.661.

Support & Resistance Levels

  • Major Resistance: ~157.900 – 158.100 (Upper ceiling tracking recent peak levels)
  • Intermediate Resistance: ~157.661 (Current price action ceiling / testing zone)
  • Immediate Support (S1): ~157.154 – 157.200 (Aligned with the marked historical entry / buy execution level)
  • Major Support (S2): ~156.450 – 156.700 (Previous swing low demand zone)

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