USDJPY Price Analysis
Expected Scenario
The USDJPY price bounced upwards clearly after testing the intraday bullish channel’s support line, indicating a resumption of the main bullish trend.
The price is testing the recently recorded historical high at 154.78 and attempts to breach it.
Confirming the breach will push the price towards 156.00 areas as a next positive station.
Breaking 153.85 will stop the expected rise and push the price to achieve some intraday bearish correction.
Expected Trading Range
Between 154.00 support and 155.60 resistance.
Trend Forecast: Bullish
Origin: Economies
