USDJPY: Multi-Time-Frame Outlook

Hello Traders,


A weekly close above 159.00 strengthens the bullish outlook for the next 3 to 4 months.


Conversely, a break and close below 154.50 on the daily timeframe suggests a possible decline towards 148.00.


Currently, we anticipate a rebound from the 156.77-156.40 zone.

However, a solid close below 156.40 and a break of the ascending channel would increase the likelihood of a drop to 155.50.