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The USD/JPY pair maintained its bullish momentum, hitting the first target of 149.85, as expected in the previous report.
Today, the bullish outlook remains intact, supported by the simple moving averages and the Stochastic indicator signaling additional momentum. As long as intraday trading stays above 148.50, the pair is expected to continue its upward trend, with targets of 149.85 and a further extension towards 150.40, potentially reaching 150.80 later.
However, if the hourly candle closes below 148.50, upward attempts may be halted, and we could see negative pressure, pushing the pair toward 147.80.
Warning: The risk level is high, and it may not be proportional to the expected return. Additionally, ongoing geopolitical tensions make all scenarios possible.
Disclaimer: Trading in CFDs carries inherent risks. The analysis provided herein is not a recommendation to buy or sell, but rather an interpretation of the current price movement on the chart.
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