The USDJPY approaches the target – Analysis - 04-06-2020
Economies.com
2020-06-04 04:56AM UTC
The USDJPY pair resumes its positive trades to approach our waited target at 109.22, and the price attempts to confirm surpassing the bullish channel’s resistance that appears on the chart, to support the chances of achieving more gains on the intraday and short term basis, to suggest breaching the mentioned level and head towards 110.70 areas in the upcoming period.
Therefore, the bullish trend will remain dominant for today, noting that failing to achieve the required breach will put the price under potential negative pressure that might push to visit 107.68 again before any new attempt to rise.
The expected trading range for today is between 108.40 support and 110.00 resistance
The expected trend for today: Bullish
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