The USDJPY hits the negative targets – Analysis - 19-05-2022
Economies.com
2022-05-19 04:08AM UTC
The USDJPY pair succeeded to achieve our negative targets, reaching 127.95 level, noticing that the price bounced bullishly from there to head towards resuming the main bullish trend, supported by stochastic positivity, making the bullish bias suggested in the upcoming sessions, and the main targets begin at 129.60 followed by 130.20.
Holding above 127.95 is important to continue the expected rise, as breaking it will press on the price to suffer additional losses and visit 126.95 areas on the near term basis.
The expected trading range for today is between 128.20 support and 129.50 resistance
The expected trend for today: Bullish
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