USDJPY extend to a new high for the day. Price approaches swing area high. | investingLive

The next key target comes in at 151.307, the top of a swing area between 150.757 and 151.307. This zone stretches back to February 2024, where it repeatedly acted as both support and resistance. Since February 2025, however, the same area has shifted to serve as a ceiling for the pair. A break above 151.307 would be a significant technical development and increase the bullish bias.

For short-term traders, close risk is defined by the 50% midpoint of the range since the 2024 high and the low of the swing area at 150.75. As long as the price holds above 150.75, buyers remain firmly in control. A move back below that threshold, however, would risk disappointment for the bulls, reinforcing the ceiling once again and offering sellers another chance to lean against resistance.