USDJPY Wave Analysis – 6 June 2025

USDJPY: ⬆️ Buy

– USDJPY reversed from the support area

– Likely to rise to the resistance level 146.00

USDJPY currency pair recently reversed from the support area between the support level 142.50 (which has been reversing the price from the end of April) and the lower daily Bollinger Band.

The price earlier formed multiple consecutive Japanese candlesticks reversal patterns near the support level 142.50 – Bullish Engulfing, Morning Star and Pricing Line,

Given the strength of the support level 142.50, USDJPY currency pair can be expected to rise to the next resistance level 146.00.

Source: https://fxpro.news