US Dollar/Japanese Yen rebounds from 1 (100%) support Arc – Potential advance toward 157.55

Mohamad Gharib

USD/JPY: Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 30m chart, U.S. Dollar / Japanese Yen has rebounded from the 1 (100%) Support Arc within the current Arc Cycle. The rebound confirms a bullish reaction and opens the potential for continued movement toward the next Resistance Arc.

Market outlook

Price has rebounded from the 1 (100%) Support Arc, confirming that the Arc continues to provide support within the current Arc Cycle. Continued bullish momentum could drive price toward 157.55 price.

Conversely, a sustained 30m close below 156.60 would weaken the bullish scenario and could reopen the path toward lower extension levels within the Arc Cycle.

Author

Mohamad Gharib

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