Market Analysis for USDJPY Price
The recent trades of USDJPY price are confined within an ascending triangle pattern, evident on the chart.
The price needs to breach 151.81 to activate the positive effect of this pattern, targeting the next main level at 153.00.
The bullish trend scenario remains valid, with a note that breaking 151.25 will halt the expected rise and trigger a bearish correction on the intraday basis.
The expected trading range for today is between 151.00 support and 152.50 resistance.
Trend forecast: Bullish
Origin: Economies
