The USDJPY price soared yesterday to surpass the waited target at 156.74 and reach the thresholds of 158.00 barrier, to support the chances of continuing the bullish trend on the intraday and short-term basis and head towards visiting 159.00 areas as a next positive station.
The RSI current negativity presses on the price to test the support base formed above 156.74, noting that it is important to hold above this level guarantee the continuation of the bullish wave, as breaking it will push the price to start bearish correction on the intraday basis before turning back to rise. again.
The expected trading range for today is between 156.40 support and 158.00 resistance
Trend forecast: Bullish
