The USD/JPY pair encountered downward pressure yesterday, dropping to the 148.807 level before reversing its direction upwards, hitting the uptrend line and consolidating above the resistance line at 149.315. This suggests that the market is likely to sustain an upward trajectory. Sustaining trade above this level is expected to serve as a driving force for the price to reach 150.426.
However, if the price breaks below 149.315, it may halt the upward movement and gradually initiate a bearish trend.
However, if the price breaks below 149.315, it may halt the upward movement and gradually initiate a bearish trend.