The USDJPY hits the first target – Analysis - 08-03-2022

Economies.com
2022-03-08 04:30AM UTC

The USDJPY pair managed to achieve our first positive target at 115.35 and breached it to settle above it now, reinforcing the expectations of continuing the bullish trend, which its next target located at 116.35.

 

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 114.65 and holding below it.

The expected trading range for today is between 115.70 support and 116.20 resistance

The expected trend for today: Bullish

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