USDJPY Analysis: Sideways Movement Continues, Resistance and Support Levels
The USDJPY pair has attempted to break below the 149.52 support level but failed and has since moved sideways within a trading range between 149.52 and 150.88.
As long as the 149.52 support level holds, the sideways movement could be seen as consolidation for the uptrend from 145.89. A breakthrough of the 150.88 resistance level could trigger another rise towards the 151.90 resistance level.
On the other hand, a breakdown below the 149.52 support level would indicate that the upside move from 145.89 has already completed at 150.88. In this case, the pair would find support around the 147.50 area.