USDJPY Approaches Key Resistance Zone

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USDJPY Approaches Key Resistance ZoneUS Dollar/Japanese YenFX:USDJPYAlex_ZenithHey everyone! Let’s take a closer look at USDJPY and see what’s happening with this pair. The USD/JPY continues to attract buying interest, trading near 154.10 during the early Asian session on Tuesday. The U.S. Dollar strengthened against the Japanese Yen as expectations grew for a potential deal to end the 41-day U.S. government shutdown, boosting overall market sentiment. On the H4 timeframe, price is moving within a clear ascending channel, while also completing a previous inverse Head and Shoulders pattern, signaling a confirmed bullish reversal. At the moment, USDJPY is approaching a key resistance zone around 154.80 – 155.00, where short-term consolidation could occur. If price breaks and closes firmly above 155.00, the next target could be a move toward new highs. What do you think — will USDJPY break through resistance and continue higher? Wish you all a successful trading day!