Key USDJPY Support at 151 Faces Stochastic Oversold AlertFxNews —The USD/JPY currency pair's dip from 153.9 eased near the 23.6% Fibonacci support level. Meanwhile, the Stochastic Oscillator signals an oversold condition. Furthermore, the market outlook remains bullish if the price holds above the 151.0 mark.
The uptrend could be triggered if bulls close the USD/JPY price above the 153.0 immediate resistance. In this scenario, the next bullish target could be the 157.0 mark.