The USDJPY price found solid support at 153.75 and couldn’t manage to break it, to rebound upwards clearly and surpass 154.96 level, noticing that the price begins today with more rise to attempt to return to the main bullish channel, which pushes the price to achieve more gains in the upcoming period, targeting testing 156.45 as a next positive station.

 

Therefore, the bullish trend will be expected on the intraday and short-term basis, taking into consideration that breaking 154.96 will stop the expected rise and push the price to decline again.

 

The expected trading range for today is between 154.70 support and 156.40 resistance

 

Trend forecast: Bullish