USDJPY (Got it and still running...)

USDJPY Forecast
The price retraced to its support level at 150.780 before ascending, aligning with the projections of a prior analysis.

Currently, a daily candle close above 153.07 would signify stabilization at this level, heralding the onset of a bullish trend with an immediate target of 155.77, thereby positioning the asset within the bullish zone.

Conversely, a reversal and subsequent stabilization below the pivot level of 153.21 would indicate a bearish inclination, targeting a descent to 151.80. Breaching this threshold would be imperative for the continuation of the bearish trajectory, delineating a critical juncture for future price direction.

Pivot line: 153.07
Resistance line: 155.77 & 159.80
Support line: 151.80 & 150.77 & 148.80

The expected trading range is between support 150.77 and Resistance 155.77

Tendency: it looks uptrend


previous idea:

Trade active:

Comment:

got it and still running to get the target located at 150.770