USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data to decide where to push the prices.
I see 2 potential scenarios.
Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish signal. A bullish continuation will be anticipated at least to 153.0 level then.
Bearish 151.0 - 151.3 is the support of a daily range. Its bearish breakout - a daily candle close below, will be a perfect signal to short. The first goal for the sellers will be 150.3 support.
Wait for a breakout, it will give you a strong confirmation.
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