USD/JPY Price Analysis: Moves on the upward trajectory toward 152.00 level

USD/JPY continues the winning streak on Fed Chair Powell’s hawkish comments. Technical indicators suggest bullish momentum to approach the 152.00 major level. 21-day EMA could act as the key support on the downside. The USD/JPY pair eyes a potential ascent towardthe major resistance at the psychological level of 152.00.

This configuration suggests a stronger momentum and reflects a prevailing confidence in the market. On the flip side, the USD/JPY pair could meet the support at the 21-day Exponential Moving Average at 150.35, followed by the 150.00 psychological level. A decisive break below the latter could push the pair to navigate the area around the 23.6% Fibonacci retracement at 148.40. USD/JPY: Daily Chart USD/JPY: other technical levels to watch Overview Today last price 151.8 Today Daily Change 0.

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