USD/JPY Intraday Signal: Bullish Momentum Targets 151.50
USD/JPY maintains a bullish outlook as long as price trades above the 149.60 pivot level. The pair continues to build upward momentum, supported by strong buying activity and a positive RSI reading that signals potential for another leg higher.
Immediate resistance levels are located at 150.80 and 151.50, which represent the next upside targets for intraday traders. A sustained move above these levels could further reinforce the bullish bias in the short term.
Conversely, a drop below 149.60 would weaken the current structure and expose support levels at 149.05 and 148.55, where renewed buying interest might emerge. For now, the RSI and price action both favor the continuation of the uptrend.
Enter: Long above 149.60
SL: 149.05
Target A: 150.80
Target B: 151.50