USDJPY, “US Dollar vs Japanese Yen”
USDJPY is bouncing off the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s upper boundary at 156.10 is expected, followed by a rise to 158.05. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be invalidated by a breakout of the lower boundary of the Cloud, with the price securing below 155.60, indicating a further decline to 154.70.
Origin: RoboForex
