USDJPY Price Analysis
Expected Scenario
The USDJPY price bounced bullishly to head towards resuming the main bullish trend again, as it leaned on the bullish trend line that appears on the chart and approach the historical high at 160.20, and we suggest surpassing this level to achieve additional gains that reach 161.00.
Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 159.50 will push the price to decline and achieve some intraday bearish correction before turning back to rise again.
Expected Trading Range
Between 159.00 support and 160.65 resistance
Trend Forecast: Bullish
Origin: Economies
