The USDJPY is currently trading in a strong bullish trend. Following a new high, the market has entered a period of consolidation within a tight horizontal range on a 4-hour chart.
Breaking through it resistance indicates a likely continuation of the upward momentum. I anticipate a rise towards the 150.00 - 160.00 levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.