The USDJPY attempts to breach the recent high – Analysis - 18-09-2023
2023-09-18 04:02AM UTC

The USDJPY pair fluctuates around 147.86 level and attempts to breach it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, reminding you that our next target is located at 149.00.


Stochastic current negativity hinders the mission to rise, waiting to gather enough positive momentum to push the price to resume the bullish trend in the upcoming sessions, which moves inside the bullish channel that appears on the chart, noting that breaking 147.15 will stop the positive scenario and push the price to achieve some bearish correction before turning back to rise again.


The expected trading range for today is between 147.00 support and 148.70 resistance


The expected trend for today: Bullish

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