The USDJPY moved higher in its last intraday trading, support by positive technical factors, initially, its continuous stability above its EMA50, besides the emergence of the positive signals on the (RSI), after the pair’s success in offloading its overbought conditions.
This bullish move comes within the positive momentum that caused by the exit from a minor bearish channel range on a short-term basis, reinforcing the chances for recovery and targeting higher levels in the upcoming trading.
Therefore, our expectations suggest more of the upside moves in the USDJPY price in the upcoming intraday trading, conditioned by its stability above 142.25, to target the key resistance at 144.00.
The expected trading range is between 142.25 support and 144.00 resistance.
Today’s forecast: Bullish
Origin: Economies
