The USDJPY price rallied upwards to succeed achieving our waited target at 154.95, starting today with additional rise to attempt to breach this level, paving the way to achieve more expected gains in the upcoming period, to head towards testing the recently recorded high at 156.74.
Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, noting that breaking 154.25 will stop the bullish rally and put the price under negative pressure that targets testing 152.70 areas before any new positive attempt.
The expected trading range for today is between 154.50 support and 156.00 resistance
Trend forecast: Bullish
