The USDJPY is pushing to fresh highs after holding firm support near the 155.00 level earlier in the US session. That zone remains the key risk and bias defining level for today and in the sessions ahead.
The latest move higher has taken the pair above the earlier intraday peak at 155.43, putting focus on the next upside target at 155.88. A break above that level would open the door toward a swing area near 156.73.
On the downside, buyers showed their hand earlier when the price held above both the 100-hour moving average and a February swing area at 154.79. Today’s low came in at 154.81, holding just above that level and keeping the short-term bias tilted to the upside.
The video defines the key levels in play and the roadmap for the pair today and going forward.
