USD/JPY Intraday Signal: Cautious Bullish Bias Above 150.35
The USD/JPY pair is showing mixed intraday momentum, signaling caution for traders as price consolidates above the pivot level at 150.35. While the broader trend remains bullish, short-term technical indicators reveal hesitation among buyers. The RSI fluctuates around the neutral zone, and moving averages are flattening — suggesting that market participants are waiting for a clearer breakout direction.
As long as 150.35 holds as support, the bias leans slightly bullish, with potential targets at 151.20 and 151.70. These resistance zones could trigger profit-taking or stall momentum unless new buying volume enters the market.
Conversely, a break below 150.35 could shift the tone to bearish, exposing 149.90 and 149.55 as key downside levels. Traders are advised to stay vigilant and manage risk closely, as volatility may increase during intraday sessions.
Enter: Long above 150.35
Stop-Loss (SL): 149.90
Target A: 151.20
Target B: 151.70