USD/JPY Analysis – Symmetrical Broadening Wedge
The USD/JPY shows a strong bullish trend as the price has rebounded higher from the final support at $151. The pair has also broken the red trendline at $154, opening the door to the $155.80 and $156.30 areas. However, the RSI indicates an overbought zone, suggesting a possible correction before the resumption of the upward rally in USD/JPY.
