A good opportunity to buy USD/JPY in the long term

The USD/JPY pair continues its upward trend due to the weakness of the yen.

The pair managed to break through the resistance levels that were located

near the 157.900 level, which was considered a significant resistance level for the pair.

The pair also managed to establish new and strong buying demand zones

near the 157.150 level, which is considered one of the best buying zones currently.

Expected Targets

If the current correction continues and reaches the daily demand zones

near the 157.150 level, we expect to see a return to the upward trend

towards the targets identified on the chart near the 158.200 and 159.400 levels.

However, this analysis and the expected upward move will be invalidated 

if the demand zones are broken and the price closes below them

with a daily candlestick, specifically a close below the 156.110 level.