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USDJPY hits a new high after hitting a level near 155.95. It’s a near risk now.

USDJPY base at 155.95

USDJPY fell during today’s European session, following a bullish Asian session that tested a swing zone near 155.95. The subsequent upward move took the price to reach and break through a swing level at 155.95.

After this breakout, the price actually declined, but found support from buyers before 155.95. This led to a more recent rise to new highs for the day.

After that ?

The next target is for traders to look for 156.28. A move above this level and traders would look towards last week’s high at 156.75.

Close risk now? 155.95. Staying above is more optimistic.

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