Steady poised for potential uptrend as the week closes

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<li><strong>USD/JPY shows minimal change, indicating a stable weekly close.</strong></li>
<li><strong>The weekly chart suggests an upward trend with resistance at Tenkan-Sen (149.53); a break above could target 150.00.</strong></li>
<li><strong>USD/JPY daily chart key levels to watch include 150.77 and YTD high at 151.91 for upside, 148.01, and 147.15 for downside.</strong></li>
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<p>The <a href="https://www.fxstreet.com/currencies/usdjpy">USD/JPY</a> is almost flat late in the North American session, though set to end the week near today’s opening price and exchange hands at 149.47, printing minuscule losses of 0.02%.</p>
<p>From a weekly chart perspective, the USD/JPY is upward biased, and as the week comes to an end, a ‘dragonfly doji’ is forming, which implies the pair could resume its uptrend. Nevertheless, the major faces solid resistance at the Tenkan-Sen at 149.53. If buyers achieve a weekly close above the latter, the pair could re-test the 150.00 figure.</p>
<p>The USD/JPY daily <a href="https://www.fxstreet.com/rates-charts/chart">chart</a> shows back-to-back session posting doji’s, which implies traders are undecided. On the upside, traders will collide with the Tenkan-Sen at 149.47, followed by the 150.00 figure, and the November 17 swing high at 150.77. Once cleared, the next resistance would be the year-to-date (YTD) high of 151.91.</p>
<p>On the flip side, if sellers drag prices below 149.00, that would exacerbate a drop toward the November 21 daily low of 148.01, followed by the latest cycle low at 147.15.</p>
<h2>USD/JPY Price Analysis – Daily Chart<a href="https://editorial.fxstreet.com/miscelaneous/image-638364542122249336.png" target="_blank" rel="noopener"><img decoding="async" src="https://editorial.fxstreet.com/miscelaneous/image-638364542122249336.png" style="width: 1559;height: 652;" /></a></h2>
<h2>USD/JPY Technical Levels</h2>
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<br /><a href="https://www.fxstreet.com/news/usd-jpy-price-analysis-steady-poised-for-potential-uptrend-as-the-week-closes-202311242019">Source link </a></p><p>The post <a href="https://forextraderhub.com/steady-poised-for-potential-uptrend-as-the-week-closes.html">Steady poised for potential uptrend as the week closes</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>