The USDJPY approaches the target – Analysis - 11-04-2022
Economies.com
2022-04-11 02:04AM UTC
The USDJPY pair continues to rise to gradually approach our waited target at 125.00, waiting to get positive momentum that assist to push the price to continue the expected rise on the intraday and short term basis, noting that surpassing the mentioned level will lead the price to achieve more gains on the longer term basis.
Holding above 123.80 represents the first condition to continue the positive scenario, as breaking it will press on the price to test 122.62 areas before any new attempt to rise.
The expected trading range for today is between 123.80 support and 125.00 resistance
The expected trend for today: Bullish
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