USD/JPY Eyes Breakout as Bulls Hold Tight Near Resistance Amid Consolidation — Intraday Technical Outlook June 5, 2024
USD/JPY intraday technicals (June 5, 2024) signal consolidation below resistance at 157.70, with support near 154.53 holding firm. The pair trades in a continuation pattern after a strong uptrend, favoring bulls if 157.70 breaks. Watch for a breakout to target 162.08 or a drop below 154.53 for deeper retracements. Daily momentum remains bullish amid cautious RSI signals. #USDJPY #ForexAnalysis #TradingInsights
