USD/JPY Forecast. The yen price breaches the resistance – 23-10-2024

jy-l6The USDJPY price opens today’s trading with strong positivity to surpass 151.09 level and settle above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to head towards our next targets that reach 152.05 followed by 153.00.

Holding above 151.09 is important to the continuation of the expected rise now, as breaking it will put the price under negative pressure that targets testing 149.70$ areas initially.

The expected trading range for today is between 152.60 support and 151.00 resistance

Trend forecast: Bullish

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