The USDJPY currency pair has undergone a resurgence, advancing beyond the 149.55 mark. This move aims to rekindle the primary bullish scenario, with the objective of reaching favorable targets that initiate at 150.15 and extend further to 151.00 after surpassing the aforementioned level.
Consequently, the prevailing outlook for the forthcoming trading sessions leans toward a bullish bias, bolstered by the support of the EMA50 (Exponential Moving Average 50). It is important to be mindful that a breach of the 149.55 level would impede the anticipated ascent, potentially triggering a shift towards a bearish trajectory.
The projected trading range for today is expected to oscillate between support at 149.30 and resistance at 150.60.
In line with current market dynamics, the expected trend for the day leans towards a positive sentiment, with the USDJPY pair showing signs of attempting an upward move.