The USDJPY price fluctuates around 157.92 level and attempts to consolidate above it, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to gather positive momentum that assist to push the price to achieve our main expected target at 160.00.
On the other hand, we should note that breaking 157.92 will push the price to achieve intraday decline and test the bullish channel’s support line around 157.00 before any new attempt to rise.
The expected trading range for today is between 157.50 support and 159.00 resistance
Trend forecast: Bullish
