The USDJPY pair resumed the bullish rally to succeed achieving our extended target at 135.50, showing temporary decline to test the bullish channel’s support line, waiting to resume the positive trades to achieve additional gains that reach 136.00.

Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 134.30 will press on the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 134.50 support and 135.90 resistance

Open Live Trading Account

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0178	-0.0040	0.3949%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2114	0.0010	0.0797%

	Silver	20.114	-0.137	0.676%

	Oil	86.781	-0.480	0.550%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1776.270	-5.415	0.304%
Midday update for Gold 16-08-2022

Live Forex Updates

Euro declines to two-week lows on economic recession concerns

2022-08-16 09:50:42 GMT

Europe's economic sentiment swoons to 2011 lows

2022-08-16 09:36:47 GMT

Germany's economic sentiment tumbles to 2008 lows

2022-08-16 09:33:31 GMT

Dollar extends gains even after disappointing Chinese data

2022-08-15 12:48:12 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.