USD/JPY Forecast. The yen touches the target – Analysis 20-12-2023

jpy_1_newsThe USDJPY pair managed to touch our waited target at 144.47 and found solid resistance there, to show some bearish bias affected by stochastic negativity, and we suggest resuming the positive trades to surpass this level and open the way to visit 146.17 as a next positive target.

Therefore, the bullish trend will remain expected for the upcoming period, noting that breaking 142.76 will put the price under new negative pressure to head towards visiting 140.65 areas on the near-term basis.

The expected trading range for today is between 143.10 support and 144.80 resistance

The expected trend for today: Bullish

Origin: Economies

 

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