The USDJPY approaches the target – Analysis - 10-11-2023

The USDJPY pair continues to rise to surpass 151.00 barrier and approach the main waited target at 151.70, to support the continuation of the expected bullish trend on the intraday and short term basis, noting that surpassing the mentioned level will extend the bullish wave to reach 152.50 areas as a next positive station.

Holding above 150.50 is important to achieve the suggested targets, as breaking it represents negative key that will put the price under correctional bearish pressure on the intraday basis.

The expected trading range for today is between 150.70 support and 152.00 resistance

The expected trend for today: Bullish