The USDJPY breaches the resistance – Analysis - 18-08-2022
Economies.com
2022-08-18 04:12AM UTC
The USDJPY pair managed to breach 134.50 level and hold with a daily close above it, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, as it succeeded to reach our first extended target at 135.50, waiting for more rise to head towards 136.40 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50, noting that holding above 134.50 is important to achieve the waited targets.
The expected trading range for today is between 134.20 support and 135.70 resistance
The expected trend for today: Bullish
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