The USDJPY awaits confirmation signal – Analysis - 01-06-2023
Economies.com
2023-06-01 03:53AM UTC
The USDJPY pair tested the key support 139.20 without managing to break it, to remain confined between the trend keys represented by the mentioned support and the resistance line that rises now to 140.15, which makes us continue with our neutrality until the price confirms breaching one of these levels.
We remind you that breaking the mentioned support will push the price to decline towards 138.20 as a next correctional station, while breaching the resistance will lead the price to continue the main bullish trend and head towards 141.00 as a next target.
The expected trading range for today is between 138.50 support and 140.30 resistance
The expected trend for today: Neutral
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