USDJPY Price Analysis
Outlook and Forecast for Current Trading Sessions
Expected Scenario
- USDJPY price continues to rise, reaching the waited target at 155.50
- After surpassing the EMA50, the way is open to continue the rise and achieve more gains on the intraday and short-term basis
- Organized inside the bullish channel, supporting the chances of achieving additional positive targets that reach 157.00 as a next station
- Bullish trend remains valid and active
- Consolidation of 155.50 level against the current bullish wave might lead to a bearish rebound, potentially heading to visit 152.60 areas before any new attempt to rise
The USDJPY price continues to rise, reaching the waited target at 155.50. After surpassing the EMA50, the way is open to continue the rise and achieve more gains on the intraday and short-term basis. Organized inside the bullish channel, this supports the chances of achieving additional positive targets that reach 157.00 as a next station. Therefore, the bullish trend remains valid and active. Consolidation of 155.50 level against the current bullish wave might lead to a bearish rebound, potentially heading to visit 152.60 areas before any new attempt to rise.
Expected Trading Range
- Support: 154.50
- Resistance: 156.20
Trend Forecast: Bullish