USD/JPY: Bullish Outlook with Key Support at 151.79
Updated
USDJPY Analyze
The overall trend remains Bullish as long as the price stays above 151.790, with bullish targets at 154.260 and potentially 156.58.
A corrective move toward the pivot line at 151.79 is possible before the bullish trend resumes. However, if the price stabilizes above 151.790 with a daily candle close, a bullish move of 151.790 extend toward 154.26.
otherwise, the closing daily candle below 151.780 will drop to 149.82
Key Levels:
Pivot Line: 151.790
Resistance Levels: 153.60, 154.26, 156.58
Support Levels: 149.82, 147.82, 146.4
Expected Range: 151.78 - 154.26
Trend: Bullish while above 151.79
The overall trend remains Bullish as long as the price stays above 151.790, with bullish targets at 154.260 and potentially 156.58.
A corrective move toward the pivot line at 151.79 is possible before the bullish trend resumes. However, if the price stabilizes above 151.790 with a daily candle close, a bullish move of 151.790 extend toward 154.26.
otherwise, the closing daily candle below 151.780 will drop to 149.82
Key Levels:
Pivot Line: 151.790
Resistance Levels: 153.60, 154.26, 156.58
Support Levels: 149.82, 147.82, 146.4
Expected Range: 151.78 - 154.26
Trend: Bullish while above 151.79
Trade closed: target reached
USDJPY
Update
The price pushed up and reached our target perfectly which is 154.26
profit about 250 pip
now if the price can stabilize above 154.260 means will continue the bullish trend to ward 156.58
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~6 analyses per day. With a clear entry point
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