The USDJPY achieves strong gains – Analysis - 07-06-2022

2022-06-07 04:07:54 GMT (Economies.com)
 

The USDJPY pair rallied upwards sharply yesterday to surpass our waited target at 131.35 and opens the way to achieve more gains on the longer term basis, as we suggest heading towards 133.50 followed by 134.40 areas as next main stations.

 

The EMA50 continues to support the suggested bullish wave, noting that breaking 131.35 will press on the price to start intraday bearish correction before turning back to rise again.

The expected trading range for today is between 132.00 support and 133.40 resistance

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0424
-0.0157
1.4848%
1.2099
-0.0173
1.4061%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.63
2.60
2.38%
1799.775
-29.770
1.627%
 
 
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