Currency pair analysis USD/JPY

The dollar against the yen pair opened today's trading with a strong rise to breach the 114.65 level and settle above it. It tries to return to the ascending channel that appears in the chart above and resume the main bullish path. Now the price is on its way to achieving positive targets starting at 116.35.

USD/JPY rate online: monitor the price movement in real time.

Therefore, we expect to witness more rise in the upcoming sessions unless 114.65 is broken and the price stabilizes below it.

The expected trading range: between support 114.20 and resistance 115.50.

The forecast trend: bullish.