The USDJPY awaits more rise – Analysis - 07-09-2023

Economies.com
2 weeks ago

The USDJPY pair faced temporary negative pressure yesterday, to test 147.00 barrier, and returns to rise and attempt to resume the expected bullish trend on the intraday and short-term basis, on its way to achieve new gains that reach 148.40 as a next station.

 

Therefore, our bullish overview will remain valid, supported by the EMA50 that carries the price from below, taking into consideration that breaking 146.55 will force the price to achieve some intraday bearish correction before turning back to rise again.

 

Advertistment

The expected trading range for today is between 147.00 support and 148.40 resistance

 

The expected trend for today: Bullish

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