The USDJPY gathers momentum – Analysis - 24-05-2023
Economies.com
2023-05-24 03:50AM UTC
The USDJPY pair shows sideways trades since yesterday, settling around 138.50, noticing that stochastic attempts to get rid of its negative momentum and gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the bullish wave that its next main target located at 140.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 137.70 will put the price under correctional bearish pressure on the intraday basis to head towards potential visit to 135.50 areas before any new attempt to rise.
The expected trading range for today is between 137.70 support and 139.40 resistance
The expected trend for today: Bullish
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