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The USD/JPY pair is showing a bullish technical outlook as it continues its rally from 152.25. Key pivot levels are set at 157.42 (S1), 157.76 (P), and 158.13 (R1). The intraday bias remains upward, targeting 159.44 resistance. A decisive break above this level could push the pair toward the 161.94 high. Conversely, a drop below 157.38 minor support may neutralize the upward bias. Traders are closely monitoring these levels for potential breakout signals. For forex markets, USD/JPY's movement is critical due to its sensitivity to USD strength and Japanese Yen carry-trade dynamics. A sustained move above 159.44 would signal renewed risk appetite, while a decline below 157.38 could trigger defensive positioning. This pair is a key barometer for global liquidity and central bank policy divergences. Investors should watch for confirmation of the bullish breakout above 159.44 or a bearish reversal below 157.38. The next 48 hours will be pivotal as the pair approaches these critical levels. Technical indicators suggest momentum is tilted to the upside, but volatility remains elevated, requiring strict risk management.
