The USD/JPY reaches the first target – Analysis – 03/03/2022

jpy_1The USDJPY pair provided clear positive trades to reach our first waited target at 115.75, and we expect the continuation of the bullish bias to test the recently recorded high at 116.35 as a next target.

Stochastic negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 114.65 and holding below it.

The expected trading range for today is between 115.00 support and 116.35 resistance

The expected trend for today: Bullish

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