USDJPY's Resilience Above 146.500: A Bullish Signal?

USDJPY's steadfast hold above the 146.500 mark as the first month closes sets a bullish tone, marking this level as a critical support zone. This resilience underscores the pair's potential for upward movement, with 146.500 emerging as a key pivot for future market direction. Traders should closely monitor this level for signs of continued strength or for any shifts that may suggest a reevaluation of the current bullish sentiment. The pair's behavior around this significant support could illuminate the path for its next moves in the forex landscape.

Trade closed: target reached