
The USD/JPY pair has witnessed a significant rise recently, supported by strong buying momentum that pushed prices to break through key technical levels, reinforcing the positive outlook in the short term. Technically, the pair succeeded in surpassing the upper leg of the triangle pattern and stabilizing above the important support level at 148.65 . This level is considered a key pivot area, as stability above it indicates continued buying pressure and opens the way for an upward movement targeting the 149.20 level as a first target, with the possibility of extending the upward movement if the momentum continues to higher levels later. Conversely, if the price fails to hold above 148.65 and breaks this level again, this could indicate a weakening uptrend and a possible return of selling pressure, making a correction or decline the most likely scenario, with the next support levels near 147.90–148.10 .