Chart of the day

USDJPY is reaching the top of the strong upside resistance 152.55. This is now a strong resistance for the upside continuation as the USDJPY bounced off the strong support of 147.

Only in the case of a break above 152.55, we could see an immediate upside extension. A confirmed break below 145 is required for the downside reversal and a retest of 136.

_{Look for the long trades here with the stop loss below 150.40 upon a break above 152.50. Short trades you can take in the case of a confirmed price action break below 147.}