USDJPY Weekly Analysis – August 5, 2023

USDJPY is within a rising price channel on the weekly chart, and it remains in a long-term uptrend from 127.21. The recent pullback from 145.06 can be seen as a consolidation phase within this uptrend. As long as the support of the channel holds, there is an expectation for the upside move to continue. A … <a href="https://www.forexcycle.com/long-term-forex-analysis/136544-usdjpy-weekly-analysis-august-5-2023.html">Continue reading<span> "USDJPY Weekly Analysis – August 5, 2023"</span></a>