USD/JPY Eyes Key 151.9 Resistance Level
Solid ECN – The U.S. Dollar trades slightly lower than the 151.9 mark against the Japanese yen in today's trading session. The pair has been ranging below this area for two weeks now, and the trend hasn't developed any significant moves lately.
However, bullish traders are keen to see the pair break above the 151.9 ceiling, which could lead to the U.S. price experiencing another jump against the Japanese currency.
Therefore, from a technical standpoint, the primary trend is bullish while the pair hovers above the 23.6% Fibonacci support level. The uptrend will continue if the bulls break above the resistance level, the 151.9 mark.