The USDJPY hits the first positive target – Analysis - 06-09-2023
2 weeks ago

The USDJPY pair rallied upwards strongly yesterday to succeed touching our first waited target at 147.55, and settles around it now, as it finds difficulty to surpass this level, affected by stochastic negativity, waiting to gather enough positive momentum to push the price to resume the positive trades and head towards 148.40 as a next positive target.


Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 146.55 will stop the positive scenario and push the price to turn to decline.



The expected trading range for today is between 146.70 support and 148.40 resistance


The expected trend for today: Bullish

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