The USDJPY gathers the positive momentum – Analysis - 04-03-2022
Economies.com
2022-03-04 04:20AM UTC
The USDJPY pair shows some slight bearish bias to test the EMA50, noticing that the EMA50 got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 116.35.
Therefore, we will keep our bullish overview conditioned by the price stability above 114.65.
The expected trading range for today is between 114.70 support and 116.10 resistance
The expected trend for today: Bullish
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