Current Situation
The USDJPY pair is exhibiting a bullish bias, moving above the 158.00 barrier and reinforcing expectations for a continued upward trend.
Key Levels and Targets
The pair is nearing its initial target of 158.40, with potential to advance further towards 160.20 upon surpassing this level.
Continued Bullish Bias
The outlook remains bullish for the foreseeable future, contingent on the price maintaining above the 157.35 and 156.75 levels to sustain the anticipated bullish momentum.
Expected Trading Range
For today, the expected trading range for USDJPY is between the 157.50 support and the 159.00 resistance.
Trend Forecast: Bullish
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