The USD/JPY gathers the positive momentum – Analysis – 14/04/2022

jpy_1The USDJPY pair bounced bearishly after attempting to surpass 126.00 level, to approach testing the key support 125.00, accompanied by stochastic getting rid of the negative momentum and gaining the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which its next target located at 126.55.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 125.00 and holding below it.

The expected trading range for today is between 124.90 support and 126.00 resistance

The expected trend for today: Bullish

Origin: Economies

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