USDJPY Price Analysis
Expected Scenario
The USDJPY price resumes its positive trading to approach our new awaited target at 154.10. It’s worth noting that the bullish channel organizing the current bullish wave has additional positive targets extending to around 156.00 areas.
Therefore, we expect to witness more rise on the intraday and short-term basis, supported by the EMA50. However, breaking below 152.40 will halt the bullish trend and trigger a bearish correction on the intraday basis.
Expected Trading Range
The expected trading range for today is between 153.00 support and 154.60 resistance.
Trend Forecast: Bullish
Origin: Economies
