USDJPY: trading idea

USDJPY remains in a strong bullish trend, with buyers still controlling above the key 151.80–151.50 support zone. The pair is consolidating near highs, and a breakout could extend the upside.
Headway | 191 days ago

 

USDJPY remains in a strong bullish trend, with buyers still controlling above the key 151.80–151.50 support zone. The pair is consolidating near highs, and a breakout could extend the upside.

Buy Scenario:

Buy on pullbacks above 151.80

Targets: 153.30 then 154.00

Stop-loss below 151.40

Breakout Buy:

Clear daily close above 153.00

Targets: 154.20–154.80

Sell Scenario (only if breakdown):

If price drops below 151.50

Targets: 150.70 then 149.90

Stop-loss above 152.70

Overall bias stays bullish unless we lose 151.50. Watch for BOJ headlines and US yields as main drivers today.

Trade now! 👑

Headway
Type: STP, ECN
Regulation: FSCA (South Africa)
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