Analyzing USD/JPY: Short-Term Price Appreciation Outlook

Based on technical analysis, recent price action continues to reflect a phase of consolidation in the upward trend following a strong rebound from the lowest level in March.

Additionally, other technical indicators on the chart remain positive and have not reached overbought territory.

This suggests the potential for short-term price appreciation in the USD/JPY currency pair.

However, caution is advised, and further confirmation is awaited for a breakthrough above significant resistance around the 152.00 level established last week before considering any further bullish actions.