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USDJPY: Breakout Confirmed, Upside Targets in Focus

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USDJPY: Breakout Confirmed, Upside Targets in Focus

USDJPY has broken above the important 154.60–154.95 resistance zone, turning this area into a key zone to watch for a potential retest.

After a strong recovery from the 153.00–153.40 support area, price pushed through the important zone and reached around 156.20 before pulling back. This pullback could provide a retest of the breakout area.

As long as USD/JPY holds above the 154.60–154.95 zone, the current structure favors another attempt toward the upside targets:

156.65
157.50

A successful hold above the breakout zone would strengthen the bullish structure.

You can find more details on the chart.
Thank you! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.

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Сделка активна
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Near to the second target:)
Сделка закрыта: достигнута тейк-профит цена
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