The USDJPY hits the extended target – Analysis - 26-05-2023
1 week ago

The USDJPY pair rallied upwards yesterday to succeed achieving our main waited target at 140.00, facing solid resistance there to show some temporary bearish bias, affected by stochastic negativity, and it might decline to test 139.30 areas before turning back to rise again.


In general, we suggest the continuation of the overall bullish trend in the upcoming period, reminding you that our next target is located at 141.00, while breaking 139.30 represents negative factor that will push the price to start correctional bearish wave on the intraday basis.


The expected trading range for today is between 139.00 support and 140.80 resistance


The expected trend for today: Bullish

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