The USDJPY begins positively – Analysis - 10-03-2023
2 months ago

The USDJPY pair faced negative pressure yesterday to attack the bullish channel’s support line, but it begins today with clear positivity to trade above this support, which supports the chances of resuming the expected bullish trend for the upcoming period, which its targets begin by testing 137.70 level.


The EMA50 supports the price from below to reinforce the chances of continuing the expected bullish trend, besides stochastic that provides clear positive signals now.


On the other hand, we should note that breaking 136.30 will stop the suggested rise and press on the price to decline.

The expected trading range for today is between 135.90 support and 137.50 resistance

The expected trend for today: Bullish

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