USD/JPY price action has been in an ascending channel since September, but it's losing the bullish momentum. It needs to do a solid break above the red trendline to go to the next resistance at 155.95. If the price is not able to breakout, it will break the ascending channel and will go to the next support at 153.390. Then if the Daily 21-EMA is not able to hold the price, the next target will be 152.61.
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