USDJPY (Still running at bullish zone)

USDJPY New Forecast

The price still running at the bullish trend, to get 155.770
Currently, a 4h candle close above 154.700 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.
retest scenario will be available till 153.07 by closing the 4h candle under 154.288

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: 154.720
Resistance line: 155.77 & 159.80
Support line:153.07, 151.80, 150.77

The expected trading range is between support 153.07 and Resistance 155.77

Tendency: it looks uptrend

Comentarios:

the price reached our target perfectly, so for the next week will trade at the bullish zone with a retest till 155.770 and then will continue the bullish trend till 159.82