USD/JPY Forecast. The yen is affected by the positive momentum – 02-01-2024

usd_jpy_forex_3The USDJPY pair shows some slight bullish bias now, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, waiting to resume the expected bearish trend on the intraday basis, which targets 139.45 as a next main station.

On the other hand, we should note that breaching 142.35 will stop the expected bearish wave and push the price to turn to rise.

The expected trading range for today is between 140.70 support and 142.20 resistance

The expected trend for today: Bearish

Origin: Economies

 

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