The USDJPY continues to rise – Analysis - 09-05-2022
Economies.com
2022-05-09 04:09AM UTC
The USDJPY pair shows more bullish bias and continues the attempt to return to the bullish channel, supported by the EMA50 that continues to carry the price from below, approaching our first waited positive target at 131.25, and we suggest surpassing this level to head towards 132.00 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that holding above 130.25 is important to continue the expected rise.
The expected trading range for today is between 130.25 support and 131.60 resistance
The expected trend for today: Bullish
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