USD/JPY Soars Above Resistance: Next Stop 160?USD/JPY Trade Analysis:
Breakout Confirmed: USD/JPY has broken above the descending trendline and is holding above the 152-155 support zone.
Targets:
Short-Term: 161.00 (previous high).
Long-Term: Potential for new highs if momentum continues.
Stop Loss: Below 152.00 to protect against invalidation.
Entry: Ideal entry near 155-157 on a retest of the breakout zone.
Summary: USD/JPY shows bullish momentum with a breakout. Look for a retest for a better entry, targeting 161 with proper risk management.
DYOR, NFA
