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The USDJPY achieves additional gains – Analysis - 04-08-2022
The USDJPY pair provided new positive trades yesterday, to breach 133.05 level and reach 134.50 direct, to attempt to regain the main bullish trend, but it faces negative factors provided the technical indicators now, which makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaching 134.50 will push the price to achieve more rise and head towards 136.40 as a next main target, while breaking the support represents the key to resume the correctional bearish wave and visit 131.55 initially.
The expected trading range for today is between 133.00 support and 134.60 resistance
The expected trend for today: Neutral
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