# USD/JPY Technical Analysis: Strategic Insights from Extreme Investor Network
As we analyze the current dynamics of the USD/JPY currency pair, recent movements reveal that the US dollar has experienced a decline against the Japanese yen. Nevertheless, it has found a robust support level at 146 yen during Thursday’s trading session, prompting a modest rebound.
The key question now lies in whether the price can decisively break above the high of Thursday’s candlestick. If this occurs, we could witness a surge in momentum, potentially attracting more bullish traders into the fray.
The significance of the 145 yen level cannot be overstated; it’s not just a psychological barrier but also a historical touchpoint for both support and resistance. It’s critical for traders to monitor how price reacts around this level, as its stability or breach could dictate short-term trends.
Moreover, with the current interest rate differential favoring USD, investors can benefit from holding onto this pair, making it an attractive option for both short-term and long-term strategies. At Extreme Investor Network, we encourage our readers to keep a close watch on these critical levels, as they could represent lucrative trading opportunities in the days ahead.
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# AUD/USD Technical Analysis: What You Should Know
Switching gears to the AUD/USD pair, the Australian dollar showcased some initial strength during Thursday’s early hours but eventually retreated. This was particularly notable as the market is currently hovering around the significant 200-day Exponential Moving Average (EMA), a favorite among technical analysts.
The 0.64 level serves as a critical support point for the Aussie. A breakdown below this threshold could unleash a significant bearish wave, potentially sending the currency sliding further. Conversely, should we see a breakthrough above the 0.65 level, we will likely witness a bullish rally, possibly targeting the 0.67 mark as traders rush in to capitalize on upward momentum.
It’s essential to recognize that we are currently correcting some of the exuberance from a substantial prior rally. As you navigate the markets, remember to consult our comprehensive economic calendar for insights into all key economic events today—this tool can be your ally for informed trading decisions.
At Extreme Investor Network, we strive to provide you with not just analysis, but actionable insights that empower your investment strategies. Stay tuned to our platform for real-time updates and expert insights that give you an edge in the market.