USDJPY has created 2 troughs around the support level of 150.5 with the second trough higher than the first trough. Therefore, this pair is in the process of establishing double bottom model. In my opinion, the resistance zone of 151.7-151.8 is maybe the next target.

This part of the USD rally might be over. – December 06 , 2023
Have a short bias on USD now for a while. Will be back to