The USDJPY pair, representing the Japanese yen against the U.S. dollar, has rebounded after reaching its support line. Currently, there is potential for the price to reach 148.800 as long as it continues trading above 147.010. However, if stability is achieved below this level, it may signal a bearish trend with a target set at 146.650.
Furthermore, the bearish scenario may be confirmed by breaking through the strong support line at 146.340, leading to a potential decline towards 144.77.
Pivot line: 147.630
Resistance line: 148.80 & 150.07 & 151.71
Support line: 146.85 & 146.33 & 144.77
The expected trading range is between support 147.62 and Resistance 148.80
tendency: uptrend