USDJPY Bullish Trend Continuation
Solid ECN - The USDJPY pair is trading above the 23.6% Fibonacci level, around 149.54. The bulls have broken above the 148.8 resistance, signaling a continuation of the bullish trend. The Awesome Oscillator bar turned green in today's trading session, and the RSI indicator also signals bullishness by hovering above the 50 level. Therefore, it is likely that the USDJPY price will see further gains, with the next bullish target potentially being the 151.9 resistance.
The 38.2% Fibonacci level supports the scenario mentioned above. If the USDJPY price falls below this level, the scenario should be invalidated accordingly.
This is a technical analysis perspective, and actual market conditions may vary. Always consider multiple factors when making trading decisions.