USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there.
After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong.
Key Levels to Watch:
Current Target: 153.07 – A key level where a correction is expected.
Correction Depth: Unknown until we get to 153—watch for signs of pullback strength.
Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast.
This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be.
What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave.
Mindbloome Trader
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