USDJPY (IT LOOKS BREAKING...)

USDJPY New 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 151.800 would signify stabilization at this level, heralding the onset of a bullish trend with an immediate target of 153.070, thereby positioning the asset within the bullish zone.

Conversely, a reversal and subsequent stabilization below the support level of 150.770 would indicate a bearish inclination, targeting a descent to 150.080. Breaching this threshold would be imperative for the continuation of the bearish trajectory, delineating a critical juncture for future price direction.

Pivot line: 151.800
Resistance line: 153.07 & 155.77
Support line: 150.07 & 148.80 & 147.63

The expected trading range is between support 150.770 and Resistance 153.07

Tendency: it looks uptrend

previous idea: