The USD/JPY has broken above its trendline resistance, forming a higher high—signaling potential bullish momentum. A long position can be considered at the current market price (CMP), with a stop-loss (SL) placed below the recent low at approximately 149.600, ensuring risk management. Targets can be aligned with the next resistance levels, adhering to the prevailing uptrend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.