USDJPY has made a significant breakthrough by surmounting the 146.55 resistance, signifying a resumption of the upward movement that began at 138.05.
In the days ahead, we can anticipate further upward momentum, with the next significant target zone being around 148.00.
Nevertheless, it’s important to keep an eye on immediate support, currently situated at 145.60. A breach below this level could potentially lead to a retracement, testing the critical 144.53 support. A further decline below this level might trigger a more pronounced downward move towards 141.50.
In summary, USDJPY has exhibited its bullish intent by breaking above the 146.55 resistance, and traders should remain vigilant regarding the behavior around key support and resistance levels as the pair continues its journey.