An Opportunity to Buy USD/JPY Soon

The USD/JPY pair has begun to return to its uptrend.

The pair has broken the corrective downtrend

and has begun to form a new upward trend, as shown on the chart.

The USD/JPY pair is currently moving in a sideways movement, and

signs of reconsolidation have begun to appear,

which indicates an expected uptrend for the pair.

If the indicated resistance areas are broken,

located at 152.17, and a close above them is reached,

an upward move is expected to target the 152.80 and 153.40 levels.

If the support levels of the sideways movement are broken,

the bullish outlook and expected buying opportunity fail at the present time.