As of July 22, 2024, the USDJPY currency pair is holding steady above the 156.80 mark. The price is poised for potential upward movement, driven by positive momentum that could propel it to further gains in the upcoming trading sessions. The key target for this anticipated rise is set at 159.10.
A breach of the 158.10 level would facilitate the achievement of this forecasted increase. Conversely, if the price falls below 156.80, it could trigger a bearish correction, affecting intraday and short-term trading perspectives.
Today’s expected trading range is projected between 156.80 as support and 158.40 as resistance.