The USD/JPY confirms the breach – Analysis – 12/07/2022

jpy_2_newsThe USDJPY pair closed the daily candlestick above 136.70, showing additional positive trades to move away from this level, reinforcing the expectations of continuing the bullish wave, and the way is open to achieve our waited target at 138.00.

Therefore, the bullish trend scenario will remain valid and active, waiting to get positive motive that assist to push the price to resume the positive trades, reminding you that it is important to hold above 136.70 to continue the suggested bullish wave.

The expected trading range for today is between 136.50 support and 138.00 resistance

The expected trend for today: Bullish

Origin: Economies

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