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USDJPY 4H :is still under buy pressure

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

OUTLOOK

The USD/JPY pair was able to cross the 147.80 level and close the daily candle above it, reinforcing expectations of a continuation of the upward trend during the coming sessions, waiting for a further rise to visit the 149.46 and 151.50 level, which represents our next stops.


Therefore, the positive scenario will remain valid and effective, supported by an upward channel, keeping in mind that stability above 147.80 represents an important condition for achieving the expected goals, so stabilized under 147.80 will postponed the bullish trend and start to correction to 146.43.

Additionally : today news will affect the market .

support line : 147.80 , 146.43
resistance line : 148.80 , 149.46

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