UsdJpy is pressing and pressing and pressing. 155 next?Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range.
However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought.
Even during Friday's NFP release, when USD was being sold, USDJPY experienced a quick reversal.
These signs indicate a potential upward breakout, with 155 being the next target in such a scenario.
I maintain a bullish outlook on this pair as long as the price remains above 150, and in my opinion, buying dips is the preferred strategy.
