The USDJPY price has settled above the 157.35 level, showing no significant movement yesterday. This stability maintains the expected bullish trend scenario for both the intraday and short-term basis. The primary targets for this bullish trend are 158.40 followed by 160.20.
Expected Scenario
To sustain the suggested bullish wave, it is crucial for the price to hold above the 156.75 level.
Expected Trading Range for Today
- Support: 157.10
- Resistance: 158.60
Trend Forecast: Bullish
The USDJPY pair is expected to continue its bullish trend, with technical indicators supporting further upward movement provided the price remains above the key support level.
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