The USD/JPY awaits more rise – Analysis – 08/02/2022

jpyThe USDJPY pair resumes its positive trades by today’s open and tests the resistance barrier formed at 115.45, and the price needs to surpass this level to ease the mission to rally towards our main waited target at 116.35.

Therefore, our bullish overview will remain valid and active unless breaking 114.65 and holding below it.

The expected trading range for today is between 114.80 support and 116.00 resistance

The expected trend for today: Bullish

Origin: Economies

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