The USDJPY approaches the target – Analysis - 03-01-2022
Economies.com
2022-01-03 06:00AM UTC
The USDJPY pair continues to rise to approach our waited target at 115.50, supported by stochastic and the EMA50 positivity, and we expect to surpass the mentioned level to open the way to head towards 116.50 as a next positive target.
In general, we expect the continuation of the bullish trend domination in the upcoming period unless breaking 114.00 and holding below it.
The expected trading range for today is between 114.80 support and 116.00 resistance
The expected trend for today: Bullish
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