The USDJPY completes positive pattern – Analysis - 08-08-2022
2022-08-08 03:49AM UTC

The USDJPY pair rallied upwards strongly to breach 134.50 level and settles above it, to activate the positive scenario on the intraday and short term basis, noticing that the price completed forming double bottom pattern that supports the chances of achieving gains that start at 136.40 and extend to 137.45.


Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 134.50 will press on the price to decline again and head to visit 133.05 initially.


The expected trading range for today is between 134.50 support and 136.30 resistance

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The expected trend for today: Bullish

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