USDJPY Forecast

The USD/JPY pair recently surged to the 158.00 level, reflecting a strong bullish trend. However, last Friday, the pair experienced a slight pullback, closing the weekly candle at 156.40. Despite this minor decline, the bullish momentum remains intact, and buyers are likely to push the pair back toward the 158.00 level. The pair could also test the significant psychological resistance at 160.00 in the upcoming sessions. Key Observations The pair continues to trade in a strong uptrend, driven by strong buying interest. Any pullbacks are expected to attract buyers, offering opportunities for new long positions. While sellers may attempt to…

The USD/JPY pair ended last Friday with a strong bullish move, surging from the 152.50 level to close at 154.60. This marked a notable recovery and a continuation of upward momentum for the pair. Technical Analysis Short-term support levels are identified at 151.90 and 150.70, which could help sustain the bullish trend. The strong close above 154.00 suggests the potential for further gains in the coming sessions. If bullish momentum continues, the price may test the critical resistance at 154.60. The daily chart’s moving averages confirm the bullish trend, with the pair consistently trading above key levels, such as the…