USD/JPY pair and asking for a target...USD/JPY pair and asking for a target, here’s what the technicals suggest — but keep in mind: this is not financial advice — my responsible for my trades.
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✅ What the technicals are showing
The pair is trading above its 50-week SMA, which suggests a longer-term bullish tilt.
A key resistance level is around 153.26. A breakout above that opens the way to higher targets.
If the breakout happens, one target cited is 158.80 (via a 161.8% projection).
On the flip side, if support fails (specifically ~145.47), the bullish case weakens.
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🎯 My suggested target
Primary target: ~ 158.80 — with the caveat that my need a clean breakout above ~153.26 to justify it.
Alternate scenario: If the pair fails to break convincingly and support breaks ~145.47, the target becomes a drop toward the support zone instead.
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🧠 Things to watch / trade‐management points
Confirm breakout: Look for a daily / 4-hour close above ~153.26 and increased momentum.
Risk management: If my entering now, consider placing your stop-loss below support (e.g. 145-147 zone) because a break there weakens the scenario.
Measure rewards vs risk: If my risk is large (large stop), the target must justify it.
Be aware of fundamentals: Events from the Bank of Japan (BOJ) or Federal Reserve (Fed) can shift this quickly.
